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Hosea 4:6 My people are destroyed for lack of knowledge…

Obama: ‘Raising the Debt Ceiling…Does Not Increase Our Debt,’ Though It Has ‘Over 100 Times’

Posted by truthpills on 2013/09/21

September 18, 2013 – 3:54 PM
By Craig Bannister

Raising the debt ceiling doesn’t increase the nation’s debt, Pres. Obama declared in a speech today.

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.”

Truthpills:
Obama is playing a word game to fool his slaves. The act of raising the debt ceiling does not raise increase our debt. But the increase of debt is likely to follow immediately. It definitely promotes profligacy as history has shown over a hundred times. What history has shown is that the new debt ceiling will be reached within a year of two. If raising the debt ceiling does not cause an increase in debt, what’s the point of raising the debt ceiling?

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