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Obama: We Must Borrow
More to Pay Our Debts!

National Review Online, by Jim Geraghty

Original Article

Posted By:Dreadnought, 1/14/2013 8:47:25 PM

Obama’s press conference today confirmed that he believes the only way the U.S. government can reassure the world about its ability to repay its debts is to raise the debt ceiling more, so they can borrow more. America, you cannot complain about “partisan divisions” when you have two parties who assess our finances in such a diametrically opposed manner. To hear Obama and some Democrats tell it, there just isn’t any spending that can be cut outside of the Pentagon. Fresh off raising income taxes on the rich and a payroll-tax hike (expiration of a cut, really) that hit everyone

      


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Reply 1 - Posted by: bobgray2, 1/14/2013 8:53:40 PM     (No. 9116722)

Lesson one in the 0bama school of economics:
When you reach the limit of your credit card, apply for another credit card and use that one to make payments on the first card. Repeat as necessary.

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Reply 2 - Posted by: sgtfox of the jarhead clan, 1/14/2013 9:09:40 PM     (No. 9116756)

AND, #1, if possible use your PARENT´s credit cards. Take your wife on a dream vacation several times a year and put it all on them. Fly on separate planes if possible. Go world class while the home folks live on canned dog food.

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Reply 3 - Posted by: ColonialAmerican1623, 1/14/2013 10:07:42 PM     (No. 9116844)

From where I am sitting Zippy, it´s your debt.

BTW How was the vacay ?

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Reply 4 - Posted by: privateer, 1/14/2013 10:09:27 PM     (No. 9116847)

I wish just one reporter would have the guts to ask: but mr pResdint---doesn´t borrowing create MORE debt? New debt? Debt we could never repay?

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Reply 5 - Posted by: Philipsonh, 1/15/2013 12:29:45 AM     (No. 9116971)

Don´t just cut spending, cut out agencies that are unnecesary, like the Dept of Education. Cut the blight out of the Government.

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Reply 6 - Posted by: Philipsonh, 1/15/2013 12:35:47 AM     (No. 9116974)

The President is lying. Each month the Federal Government takes in 8-10 times as much as is required to service the Federal Debt. He just wants to keep expanding the debt. Approx 90% of the money taken in goes to paying other items.We do NOT need to borrow more to pay our debts. Just stop expanding the debt by cutting every single Government item that is not absolutely necessary, starting with the elimination of
Superfluous agencies. of which there are many. When Obama ran for President, he stated he would go thru the budget line by line and cut out what was not required. He has lied about this and pretty much everything else.
The Democrats have not even presented a budget for three years, which is illegal.
Guess that is why Obama couldn´t do his line by line nonsense.


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