It looks like you're using an Ad Blocker.

Please white-list or disable in your ad-blocking tool.

Thank you.


Some features of ATS will be disabled while you continue to use an ad-blocker.


Obama: "Raising the Debt Ceiling Doesn't Increase Debt"

page: 1

log in


posted on Sep, 19 2013 @ 07:42 AM
Obama - 'Raising the debt ceiling doesn't increase debt'. Yes, he actually said that.

OF COURSE raising the debt ceiling increased debt.
It allows for more debt and OF COURSE with his outrageous spending we'll go deeper in debt.
He knows that raising the debt ceiling leads to increased debt.He even said so back in 2006.

CNS News - Obama- "Raising Debt Ceiling Does Not Increase Our Debt

"Now, this debt ceiling -- I just want to remind people in case you haven't been keeping up -- raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you've already racked up, Congress. It's a basic function of making sure that the full faith and credit of the United States is preserved."

Obama went on to suggest that "the average person" mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt:

"It's always a tough vote because the average person thinks raising the debt ceiling must mean that we're running up our debt, so people don't like to vote on it, and, typically, there's some gamesmanship in terms of making the President's party shoulder the burden of raising the -- taking the vote.

That's the exact opposite of what he was saying in 2006 ...

2006 Senator Obama Voted No on Raising the Debt Ceiling

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” …….. Senator Barack Obama

posted on Sep, 19 2013 @ 07:46 AM

posted on Sep, 19 2013 @ 07:47 AM
reply to post by Jefferton

Thanks. Missed it.

posted on Sep, 19 2013 @ 07:48 AM
Existing thread here:

Please add further comments to the ongoing discussion.
Thank you

-thread closed-

new topics

top topics

log in