Free Markets, Free People

Some politicians think you’re stupid

How stupid?

There are among politicians, certain ones who think you’ll believe this:

“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 debt: “It’s always a tough vote because the average person thinks raising the debt ceiling must mean that we’re running up our debt, so people don’t like to vote on it, and, typically, there’s some gamesmanship in terms of making the President’s party shoulder the burden of raising the — taking the vote.”

First – what is it called?

Oh, a debt ceiling.

Anyone – what is the purpose of raising the debt ceiling?

To allow more debt.

If the debt ceiling isn’t raised, then the government can’t do what?

Increase our debt.  Correct?

They can’t borrow (commonly known as going into debt) more money to pay those “bills” they’ve already “racked up”, can they?

So when “the average person” thinks that raising the debt ceiling means”running up more debt“, they’re absolutely dead-on right. Unless you plan on “running up more debt“, there is no reason to raise the debt ceiling, is there?

It’s called a “debt ceiling” for a reason.

~McQ

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25 Responses to Some politicians think you’re stupid

  • Post-modernism in action: just redefine the problem away. Voila! It’s gone!

  • I’ve said it before and I’ll say it again — “It’s not a ceiling, it’s a hat.”

  • Uh, let me be clear….
    ah,
    I think it depends on what your definition of the word “is” is.
     
    “there’s some gamesmanship in terms of making the President’s party shoulder the burden of raising thetaking the vote.”
    And based on (my emphasis) wording, asshat ALMOST stuck his foot in it AGAIN, “raising the….(debt ceiling….I mean….) taking the vote”.
     
    Smartest Man in an empty room.
     
     

    • Oh, and notice, again, that Congress has racked up the debt, not big eared lying to your face Barry.

  • Can’t they just keep lying and saying that the debt has increased $0?  Then, they can just ignore the debt ceiling.
    What kind of fiscal policy is that?  A deft one!

  • But Bruce, It wasn’t MY redline. It was the world’s.

  • “It’s a basic function of making sure that the full faith and credit of the United States is preserved.”
    In other words, too big to fail. I am not sure who is supposed to bail out the head bailer though.

  • Okay, okay, fun’s fun but the joke is over, where’s the real President?   Come on guys, what did you do with him?

  • Some politicians think you’re stupid.

    And none of them…or at least very, very few…have ever gone broke betting on it.
    Very often, enough of us ARE stupid that it carries the day.
     

  • More and more it seems every time he opens his mouth he’s just winging it, talking in circles.  Please someone, retrieve the royal teleprompter and hire a new speechwriter – that way we can at least pretend he’s semi-literate.  This national embarrassment must end.  Of course another viable option is to send him on a 3 year golf vacation.  Oh, wait…

  • A staff memo released earlier this week by the House Oversight and Government Reform Committee provides an “interim update” on the investigation of the IRS scandal. A central finding: “Media attention caused the IRS to treat conservative-oriented tax-exempt applications differently” from liberal or progressive ones.
    The memo presents no evidence that the White House directly ordered the IRS to crack down on political opponents. Instead, it is consistent with the theory, described here in May, that IRS personnel responded to “dog whistles” (in Peggy Noonan’s metaphor) in public statements from the president and his supporters. . . .
    As we have argued before, Barack Obama’s re-election deserves to be listed with an asterisk in the record books. He is the political equivalent of an athlete found to have used illicit performance-enhancing drugs. Whether he would have won in 2012 absent the IRS’s political corruption is unknowable. We know only that he did win with the help of a corrupt IRS. And if indeed the election was stolen, many in the media were complicit in its theft.
    http://online.wsj.com/article/SB10001424127887323808204579085100811015502.html?mod=WSJ_Opinion_MIDDLETopOpinion
    Very real scandal.
    Not going away. Nor should it.
    Is Pres. Red Line still “outraged”…???

    • This IRS scandal has so many parallels to the movie “Inception.”  Yes, the White House never told the IRS to do it, but once the IRS started to do it, Administration officials ignored that it was happening.
      There was a report the other day that “Turbo” Timmy Geithner knew about the program in the Spring of 2012, but obviously did nothing about it (like his taxes).

  • All it does is it says you got to pay the bills that you’ve already racked up, Congress.

    Cleaver that he blames Congress, but then neither he or his own party will man-up to take on the difficult decisions of just how to deal with the problem that is running up the debt. In fact, they both added billions more in debt with the Unaffordable Care Act.
    I swear that if the tied the overages in these programs to the Congressional and Presidential Pension funds that somehow they would find a way.

  • The Economist: The weakened West: The deal over Syria’s chemical weapons marks a low for those who cherish freedom. “The deal looks good only because the mess Mr Obama had got himself into was so bad. Step back, and the outcome looks rotten.”
    Will Erp ever even read that…???
    (I know.  Silly question…)
     

  • Think of it this way.  Joe has maxed out his $50,000 credit card.  Joe has promised his family a winter ski vacation which will be put on said credit card.  If his debt limit isn’t raised then Joe has defaulted.
    If this makes sense to you then you might be a democrat.
    OTOH, Joe has maxed out his $50,000 credit card.  Joe has promised his family a winter ski vacation which will be put on said credit card.  The credit card company does not raise his debt limit so the ski vacation gets cancelled.  Joe continues to make the minimum payment on the credit card and is not considered to be in default.
    If this makes sense to you then you probably have a realistic view of the situation.

  • Why don’t we just mint a few trillion dollar coins and pay off our debts and start fresh? And this time don’t let Mr Burns give them to Castro to check out