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

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
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Comments

  1. I give 0bama an A+ for stupidity.

  2. MuslimLuvChrist says:

    Obama attempted to bypass Congress (OBAMA HAS BYPASSED CONGRESS OVER 100 TIMES!!!) and raise the Debt Ceiling by “reinterpreting” the 14th Amendment. During the debt ceiling crisis, Obama knew the “super committee” would fail and the sequestration deal would go forward. This year wait, those who are faint of heart need to turn away, because you ain’t seen nothing yet.
    Why did the US go from AAA to AA+ credit rating?
    Subsequently, on August 2, 2011, Obama signed into law a revised compromise measure (Budget Control Act; BCA; P.L. 112-25), following House approval by a vote of 269-161 on August 1, 2011, and Senate approval by a vote of 74-26 on August 2, 2011. This measure included numerous provisions aimed at deficit reduction (OBAMA’S SEQUESTRATION) and an increase in the debt limit of up to $2.4 trillion that would occur in several stages. These provisions eliminated the need for further increases in the debt limit until early 2013.
    Doesn’t “I never mentioned sequestration”, sound a lot like “I never mentioned a red line”?
    On August 5, 2011, representatives from S&P announced the company's decision to give a first-ever downgrade to U.S. sovereign debt, lowering the rating one notch to "AA+", with a negative outlook.
    S&P was direct in its criticism of the governance and policy-making process, which took the U.S. to the brink of default as part of the 2011 U.S. debt-ceiling crisis that same week: "More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.
    Obamacareless will drop the credit rating again to who knows what!!!

  3. Edwardkoziol says:

    This so called idiot of a president talks out of both sides of his mouth. This is what the American Indians use to say about the government back in the days when we screwed the indians out of their land.The indians were told the great white father would take care of them now we have the great black father f-ing us

  4. Linda From NY says:

    This man’s evilness will not be satisfied until he crashes the economy. He wants to continued to borrow money to continued doing what he does best, which is waste, and give billions to the M.B. and countries that don’t like or respect us.

    In the mean time whatever money he get his hands on he will NOT be investing on the 90 millions of Americans that are jobless. For each year that he is president he is wasting a Trillion at the expense of the tax payers and our children. He is stealing from us and future generations. Dam To this TRAITOR and all of these stupid people that supports him, especially politicians.

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