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Author Topic: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt'  (Read 2863 times)
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« on: September 19, 2013, 07:42:58 AM »

Hahahah, the fifth grade mentality of your "genius"..lol.


http://cnsnews.com/mrctv-blog/craig-bannister/obama-raising-debt-ceilingdoes-not-increase-our-debt-though-it-has-over


In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past:

"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."

But, isn't the fact that the U.S. has hit its debt ceiling "over a hundred times" - and, thus, has had to keep raising it - proof that raising the limit does, in fact, lead to increased debt?

- See more at: http://cnsnews.com/mrctv-blog/craig-bannister/obama-raising-debt-ceilingdoes-not-increase-our-debt-though-it-has-over#sthash.vJFULMTP.dpuf
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« Reply #1 on: September 19, 2013, 07:45:48 AM »

On an absolute technicality, he is right. Raising the debt limit doesn't increase the debt. SPENDING MORE FUCKING MONEY THAN YOU HAVE RAISES THE DEBT.
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« Reply #2 on: September 19, 2013, 07:46:18 AM »

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« Reply #3 on: September 19, 2013, 07:58:19 AM »

On an absolute technicality, he is right. Raising the debt limit doesn't increase the debt. SPENDING MORE FUCKING MONEY THAN YOU HAVE RAISES THE DEBT.

I disagree. if you keep extending it's more spending. It's like talking out a loan at a higher premium to pay for existing debt, you pay the existing debt now you have to find a way to pay the newer, higher premium debt back, it's a snowball effect. Either you keep taking out loans over and over again or you cut things out.
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« Reply #4 on: September 19, 2013, 08:06:03 AM »

I disagree. if you keep extending it's more spending. It's like talking out a loan at a higher premium to pay for existing debt, you pay the existing debt now you have to find a way to pay the newer, higher premium debt back, it's a snowball effect. Either you keep taking out loans over and over again or you cut things out.

You missed his point....re-read his post.
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uberman
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« Reply #5 on: September 19, 2013, 08:10:12 AM »

politicians only goals are to help the interest of the businessmen who paid for their campaign. It's all about getting reelected spewing bullshits to the masses, or pretending everything you ve done was great before leaving the office.
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« Reply #6 on: September 19, 2013, 08:17:34 AM »

It's so simple a fifth grader can get it. The government spends more money than it collects from the workers. That's it completely. Democrats seem content to kick the can down the road and Republicans want to severely cut the excessive spending. The Democratic supporters who are more takers than Republicans have no problem as long as the government gives to them.


* National debt.jpg (17.31 KB, 576x240 - viewed 672 times.)
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« Reply #7 on: September 19, 2013, 08:30:33 AM »

I think what needs to be realized is obuma is not the one calling the shots. Don't want to type a novel here but I'm sure wiggs will explain
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« Reply #8 on: September 19, 2013, 08:38:17 AM »

Just think....what would happen if...


50 million didn't receive their food stamps....

Social security checks got cut by 75% and Medicare/Medicaid shut down....

75% cuts to ALL federal programs including Military spending

80% reduction in federal employees excluding military











And this is just so we can balance and make some principle payments on the us federal debt

Or monetize/inflate it away......they're not stupid at the fed, not in the least. Ignorance is believing the fed doesn't know what they are doing. 
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« Reply #9 on: September 19, 2013, 08:40:53 AM »

It's so simple a fifth grader can get it. The government spends more money than it collects from the workers. That's it completely. Democrats seem content to kick the can down the road and Republicans want to severely cut the excessive spending. The Democratic supporters who are more takers than Republicans have no problem as long as the government gives to them.

huh? red states take far more and blue stats pay the most taxes, you have it backwards, it's a fact.
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« Reply #10 on: September 19, 2013, 08:41:49 AM »

Hahahah, the fifth grade mentality of your "genius"..lol.


http://cnsnews.com/mrctv-blog/craig-bannister/obama-raising-debt-ceilingdoes-not-increase-our-debt-though-it-has-over


In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past:

"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."

But, isn't the fact that the U.S. has hit its debt ceiling "over a hundred times" - and, thus, has had to keep raising it - proof that raising the limit does, in fact, lead to increased debt?

- See more at: http://cnsnews.com/mrctv-blog/craig-bannister/obama-raising-debt-ceilingdoes-not-increase-our-debt-though-it-has-over#sthash.vJFULMTP.dpuf

So congress shouldn't pay for debt it already racked up?
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Thin Lizzy
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« Reply #11 on: September 19, 2013, 09:05:21 AM »

I disagree. if you keep extending it's more spending. It's like talking out a loan at a higher premium to pay for existing debt, you pay the existing debt now you have to find a way to pay the newer, higher premium debt back, it's a snowball effect. Either you keep taking out loans over and over again or you cut things out.

Actually, it's like requesting an increase on your credit card line. It's not debt until you tap the increase. So, technically he's correct, but it's insulting that he would make that point as we all know there will eventually be more spending.
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oldtimer1
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« Reply #12 on: September 19, 2013, 09:09:55 AM »

Obama records


* Obama records.jpg (36.99 KB, 546x429 - viewed 644 times.)
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« Reply #13 on: September 19, 2013, 10:35:57 AM »

Obama records

HE INHERITED THE BIGGEST RECESSION SINCE THE GREAT DEPRESSION. Probably worse since the world is one big economy with improved technology.

People who posts things like this are those who make it difficult for others to fix problems.

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« Reply #14 on: September 19, 2013, 10:54:07 AM »

Raising the debt ceiling was a good call from Obama. We have the fixed assets the workd does not have so why not use their money for our shit. Hell they will keep on investing because they get returns here and The US of A is credible enough
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$
Heywood
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« Reply #15 on: September 19, 2013, 10:57:06 AM »

You don't need to raise the debt ceiling if you aren't going to increase your debt.

Who's the idiot?
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« Reply #16 on: September 19, 2013, 10:59:48 AM »

 Cheesy


* 540047_511834678853699_1895555517_n.jpg (28.68 KB, 480x317 - viewed 592 times.)
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Heywood
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« Reply #17 on: September 19, 2013, 11:15:43 AM »

HE INHERITED THE BIGGEST RECESSION SINCE THE GREAT DEPRESSION. Probably worse since the world is one big economy with improved technology.

People who posts things like this are those who make it difficult for others to fix problems.



The recession occurred after the Republican Convention and the boys at Goldman Sachs decided that Obama would win the election.  Therefore, Goldman decided to pull the plug on the whole fucking thing. 

Thus the recession was, indirectly, Obama's fault.
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Necrosis
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« Reply #18 on: September 19, 2013, 12:36:38 PM »

You don't need to raise the debt ceiling if you aren't going to increase your debt.

Who's the idiot?


It has to be raised to pay for bills accrued you meatpie.


It has to be raised to pay the bills.
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« Reply #19 on: September 19, 2013, 12:42:58 PM »

  If you get a credit card, say Visa... and they give you a $1,000 limit... when you get there, they freeze you... if you miss a payment, they cancel your card... they still charge you interest and still expect payments even though you have lost your credit card with them... they would NEVER, EVER, raise your limit even ONE time... let alone 100 times. Does this make ANY sense to ANY one here?
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Branchs Ears
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« Reply #20 on: September 19, 2013, 12:51:38 PM »

must be that Muslim math
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thebrink
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« Reply #21 on: September 19, 2013, 12:53:46 PM »

 Cool



* federal-reserve.jpg (74.57 KB, 360x287 - viewed 521 times.)
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« Reply #22 on: September 19, 2013, 01:19:33 PM »

 If you get a credit card, say Visa... and they give you a $1,000 limit... when you get there, they freeze you... if you miss a payment, they cancel your card... they still charge you interest and still expect payments even though you have lost your credit card with them... they would NEVER, EVER, raise your limit even ONE time... let alone 100 times. Does this make ANY sense to ANY one here?

To people of the US who are able to vote I guess Huh

Isn't there any politician opposing the excessive spending of money?

I am not from there so I don't know but you do have a democratic voting system I bet.
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« Reply #23 on: September 19, 2013, 01:21:25 PM »

  It does NOT make ANY sense. We the people, would NOT be able to just tell the credit card company to just keep raising our limit to 22 trillion. It would NEVER happen. EVER.
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« Reply #24 on: September 19, 2013, 01:44:16 PM »

http://www.getbig.com/boards/index.php?topic=494141.msg7038750#msg7038750
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