Raising debt ceiling won’t lead to more debt

Raising debt ceiling won’t lead to more debt

While reading from the teleprompter in front of the Business Roundtableheadquarters in Washington DC, President Obama suggested that raising the National Debt Limit would notincrease the Nation’s Debt. Well – actually – he didn’t suggest that. . . He simply said it:

“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.”

Um. . . Ok. I mean, well, it has increased our debt every other time it’s been raised. . . So, are we expected to believe that government intends to keep from issuing more debt this time? If that’s the case, why raise the limit? It almost seems like the President is using new Common-Core math standards in his explanation of the debt limit negotiations.

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