Clown Shoes: Raising the debt ceiling does not increase our debt.

[peilthetraveler]

There is no debt ceiling.

Its been raised over 100 times since first put into effect in 1917, so how can their be a ceiling if everytime we reach it, we just raise it again?

 

[bigarrow]

You guys don't know the difference between the debt and the debt ceiling. But your specialty is in bitching and moaning and not thinking.

 

[CaptainObvious]

Quote from peilthetraveler:

There is no debt ceiling.

Its been raised over 100 times since first put into effect in 1917, so how can their be a ceiling if everytime we reach it, we just raise it again?

You must remember, in the world of government, the debt ceiling, like all other economic figures, is a completly arbitrary number. Nice scam when you can just make shit up as you go along. Covers a whole world of ineptitude.

 

[Lucrum]

Quote from bigarrow:

You guys don't know the difference between the debt and the debt ceiling. But your specialty is in bitching and moaning and not thinking.

Actually most of us do know the difference. But then your specialty is making unsubstantiated baseless and stupid assertions.

 

[Tsing Tao]

Quote from Ricter:

Our debt load can be falling even as our debt is rising.

Edit: and you're really spamming the board today.

Sure, and if my aunt had balls she'd be my uncle.

What is possible is not what has happened. Instead of relying on fantasy GDP calculations to manage debt-to-GDP, why not look at debt obligation per taxpayer, or something like that?

 

[Scataphagos]

Quote from Lucrum:

" Raising the debt ceiling does not increase our debt."

Anyone with half-a-brain understands.

This bit of propaganda was meant for the other half of us.

 

[Mercor]

Here is a headline from the MSM

CBS:House votes to cut $4 billion a year from food stamps.

Shouldn't that read, House votes to SAVE 4 Billion.

Does the MSM assume the money belongs to the Government?

 

[Ricter]

Quote from Tsing Tao:

Sure, and if my aunt had balls she'd be my uncle.

What is possible is not what has happened. Instead of relying on fantasy GDP calculations to manage debt-to-GDP, why not look at debt obligation per taxpayer, or something like that?

We did that in another thread.

 

[Max E.]

Quote from bigarrow:

You guys don't know the difference between the debt and the debt ceiling.

Anyone with half a brain understands that obama would not be raising the debt ceiling if he didnt intend to take on more debt, but roofers arent exactly known for their high IQ now are they?

 

[Ricter]

Quote from Max E. Pad:

Anyone with half a brain understands that obama would not be raising the debt ceiling if he didnt intend to take on more debt, but roofers arent exactly known for their high IQ now are they?

Of course the debt is going to rise. That would be true under any president, and has been largely true since 1835.