Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' | Page 3 | TigerDroppings.com
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CptBengal
USA Fan
BR Baby
Member since Dec 2007
42742 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'

money appropriated and futuree federal outlays isn't spent money yet.

analogy f.


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TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
13006 posts
Online

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

Why do you think it has to be done at once?


because for over 40 years the question of getting the debt under control was always:

we'll start on it next year - we have inflation to tackle
we'll start on it next year - we have fix social security
we'll start on it next year - we have a war to fight
we'll start on it next year - we have an economic problem now

Next year never comes, and it is apparent that it never will unless someone trips a circuit breaker to interrupt the cycle.


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Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18847 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

Why do you think it has to be done at once?


It'll be done at once.

Because nothing will be done about it, period, and reality will do it for us.

"He who is often rebuked, and hardens his neck,
Will suddenly be destroyed, and that without remedy."
This post was edited on 9/19 at 9:40 am


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davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
19619 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


While technically correct, it does allow the debt to increase. Apparently Obama has evolved in his perspective of the debt ceiling since he has been President. LINK


doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
7557 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

While technically correct, it does allow the debt to increase. Apparently Obama has evolved in his perspective of the debt ceiling since he has been President


Further proof that this debt ceiling thing is just a sideshow.

The real show is when they vote on the spending, and that's what really matters.


a want
LSU Fan
North America
Member since Oct 2010
10869 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

The real show is when they vote on the spending, and that's what really matters.

Which is why so many try to earn their "defit hawk" stripes on issues like the debt ceiling...when it doesn't really matter.

When it does matter (and both public and private sector jobs are potentially being lost b/c of budget cuts) these hawks are nowhere to be found.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24213 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

"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; -
Please tell me was drunk when he said this. High on bud would be better. This is just.... Stunning.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24213 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

The alternative is not paying our bills
False.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24213 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

Of course this would drastically lower confidence in the U.S. government
Do you think constantly incurring ever-increasing amounts of debt, while not even having the fiduciary responsibility to successfully pass a budget in five years is "confidence-building"?

Good grief. If I had a customer taking on debt like the US government, they'd be on COD or Net 15.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24213 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

No, I mean signing contracts (many of which are with private contractors) and deciding to cancel them. What will the business climate be like then?
Unchanged. You act as if all commerce initiates from he government. All Contracts have cancellation clauses for a reason. And there is a reason you don't book a contract to cash.


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acgeaux129
USA Fan
We are BR
Member since Sep 2007
15011 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

The alternative is not paying our bills. Do you really want the U.S. government to start renegging on their obligations? Talk about economic chaos....


Yeah you don't know what you are talking about.


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Chimlim
LSU Fan
Baton Rouge, LA
Member since Jul 2005
11872 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Obama thinks we are all stupid.

Why even raise the debt ceiling if you do not plan to increase debt?


davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
19619 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

Obama thinks we are all stupid.

Why even raise the debt ceiling if you do not plan to increase debt?



Basic logic obviously doesn't apply in this case. As the article aptly points out, just because we have raised the debt ceiling followed by exceeding it 100 times doesn't mean it will happen this time. Disclaimer: historic returns are no guarantee of future performance.


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S.E.C. Crazy
Alabama Fan
Alabama
Member since Feb 2013
7905 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Obama = moron


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IndependentGeorge
LSU Fan
Anytown, USA
Member since Oct 2011
2355 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
That is a backwards train of thought. We don't have money, spend it anyway, get in debt, now we need to raise the ceiling again because we owe almost all the debt to ourselves.


Obama is a piece of shite. Simple as that.


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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
20778 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Politician gonna politic


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24213 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

Why even raise the debt ceiling if you do not plan to increase debt?
Exactly. We raised the debt... what... 18 months ago? Why are we raising it again if he debt isn't going up?


dwr353
LSU Fan
Opelousas, La
Member since Oct 2007
640 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Stupid is as Stupid does....


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constant cough
LSU Fan
Lafayette
Member since Jun 2007
40929 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
quote:

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'



He's just echoing what all his idiots supporters here say.


son of arlo
Alabama Fan
State of Innocence
Member since Sep 2013
4577 posts

re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Has anyone else gotten a cheery letter from a credit card company saying how they've raised your credit limit to $10k, and then called them back to say "Nope, put it back to $2k because I don't want the liability for identity theft?"


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