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Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times' : BOOM!

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times' : BOOM!

September 18, 2013 - 3:54 PM

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."

Read more: http://cnsnews.com/mrctv-blog/craig-bannister/obama-raising-...




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Congress asks can we afford this? Denied

Show me the money!

Income: Taxpayer 'donations', Federal Reserve member franchise tax and tariffs.

Current Debt:$17,000 Billion of outstanding debt paying 4% down from 6% in 2000 and down from 8% in 1977. (No payment on principal since 1893)

Unfunded obligations: Current debt + 10 times current debt.

Requested Loan: $1,000 Billion is DENIED!

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2...

Free includes debt-free!

Raising the debt ceiling doesn't raise the national debt

until they wastefully spend it....

entitlements to illegal aliens
foreign aid to dictators
arms for Al Qaeda
presidential golf
1st lady vacations
building data collections centers for the NSA
etc
etc
etc

"We can't be broke, we have checks left!"

If you can read this thank a teacher. Because it's in English thank a soldier!

"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
- Alexis de Tocqueville

QE UNLIMITED!!

BOOM!

On average 7.6% increase in currency supply for 99 years.

QE is just a new name for the game of the century.

Free includes debt-free!

Note to my bank: Please rush my order for a new box of checks!

Reason: My account is overdrawn and I have bills to pay before we go on vacation!..........

"A vote for the lesser of two evils is a vote to keep things the same", Buckminster Fuller..
A choice for liberty is always a choice for liberty.

Boom *sigh*

YOu beat me by 4 minutes on this one.

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

The Early Bird Gets The Worm

BOOM!