“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 debtIf this was on the nightly news with a honest media they damn sure would.
It doesn't promote profligacy?
If they have to keep raising the debt limit (over 100 times now) there is rising debt correct? What am I missing? I know his 47% won't understand but wtf America?