Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: coalnewbie On: Thu Sep 19, 2013 8:15 am

................... HAHAHAHAHAAHHA, only in the mind of a liberal
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: samhill On: Thu Sep 19, 2013 8:36 am

Now I'm :? , here all along I've been thinking that the great one was a con., oh well back to the history books. I guess I'm also wrong thinking that the debt limit is to pay the Int. & bills that we have already obligated ourselves to pay. Thanks CNB I should have known a fart smeller correction a smart fella like you would have it all figured out, now I have to call Discover I tell them I don't have to pay their bill. :lol: http://www.usnews.com/opinion/blogs/Pet ... -necessary
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: coalnewbie On: Thu Sep 19, 2013 8:58 am

Sam, my old friend, one of these days I must explain to you that when you spend more than you earn by about $200Bn a month you need to earn more or spend less. It matters not which box you put it in. Just like one way tickets to Mars there are consequences.

So now your useless boss is appointing Yellin to the Fed, once again employing a person who has never held a job in the private sector in her life and (God help us) got her Ph.D. from Berkeley. So for the nineteeth time Barry has been laser focused on jobs is now (one more time) forgotten and now he darkly mutters about inequality - translation tax the middle class again. Psst, if you don't earn it you can't spend it. Further discussion is as useless as why a one way ticket to Mars is not a good idea. Sam you just don't get it and my attempt to educate you has not met with much success. Sigh.
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: samhill On: Thu Sep 19, 2013 9:04 am

CMB, if I know anything at all about you it's that you won't give up. Then again I have to say maybe you just can't admit you're wro, wr, never mind Fonzi couldn't say it either. :lol:
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: Richard S. On: Thu Sep 19, 2013 9:55 am

samhill wrote: I guess I'm also wrong thinking that the debt limit is to pay the Int. & bills that we have already obligated ourselves to pay.


It's chicken or the egg scenario, e.g. you can't rack up $20K on the credit card if you don't have a $20K credit card....
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: lsayre On: Thu Sep 19, 2013 10:09 am

Obama is correct, but he is also very deceptive. Raising the legal debt ceiling does not raise the debt. Raising the debt raises the debt. Raising the debt ceiling only opens the door for the potential of raising the actual debt level. That the ceiling has been raised something like 100 times in the past, and each time the debt level rose to hit and exceed the new ceiling is a good indicator that if we raise the ceiling again the debt level itself will soon rise again. But with the new math, the debt level no longer rises anyway. :shock: :o :?
Last edited by lsayre on Thu Sep 19, 2013 10:09 am, edited 1 time in total.
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: coalnewbie On: Thu Sep 19, 2013 10:09 am

It's chicken or the egg scenario, e.g. you can't rack up $20K on the credit card if you don't have a $20K credit card....


There you go Sam, even you can get that. It also means that the Fed cant taper as that means living within our means (long term). Ben knew that one too but BSed the market into thinking that we can. Yellin will not be able to do so either and so on goes the dollar crash and now gold will jump and oil will rocket. Sigh. LIberals will never get it.
Last edited by coalnewbie on Thu Sep 19, 2013 10:12 am, edited 1 time in total.
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: freetown fred On: Thu Sep 19, 2013 10:12 am

Whoa, now that's way to simplistic! :clap: toothy My compliments.
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: Rigar On: Thu Sep 19, 2013 10:17 am

lsayre wrote:Obama is correct, but he is also very deceptive. Raising the legal debt ceiling does not raise the debt. Raising the debt raises the debt. Raising the debt ceiling only opens the door for the potential of raising the actual debt level. That the ceiling has been raised something like 100 times in the past, and each time the debt level rose to hit and exceed the new ceiling is a good indicator that if we raise the ceiling again the debt level itself will soon rise again. But with the new math, the debt level no longer rises anyway. :shock: :o :?



well said...

But does the President really have to insult "the average person" (as he said) DOESNT understand this ?
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: coalnewbie On: Thu Sep 19, 2013 10:27 am

But does the President really have to insult "the average person" (as he said) DOESNT understand this ?


Only the members of the Flat Earth Society would not perceive this as a self evident truth. Tell me Sam,you MUST get it now..... but, but, the king has no clothes..... Only only liberal govt treasury would pretend that debt has not increased in the last month when we are running a $156Bn deficit.
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: samhill On: Thu Sep 19, 2013 11:00 am

Which is it, you all refuse to take any responsibility or it's not only a lib thing? For a clue it can't be only one way unless your as dumb as you all let on to be & I know that your not. :shock: http://www.addictinginfo.org/which-part ... 1938-2004/
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: coalnewbie On: Thu Sep 19, 2013 11:24 am

Sam, $8T is now $17T and rising as what juncture do you accept it's the party in power. Don't answer that I already know the answer.
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: samhill On: Thu Sep 19, 2013 11:55 am

I know your the answer man CNB except that you never answer just ask & then say you already know. That must be a con thing but is the debt to cover what has already been spent or not?
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: coalnewbie On: Thu Sep 19, 2013 12:27 pm

So here is maths lesson even you can get. $153 a month x 12 = $1.8T+ a year and that is called a deficit. Yes I know that as I took 3rd grade maths.
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase OurDebt

PostBy: samhill On: Thu Sep 19, 2013 4:26 pm

Whoa CNB, I'll never buy a used car off of you. Then again can I go on the Bush plan? That's the one where I plan to never pay anything & just leave it for the next guy. :woot: :dancing: :nana:
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