No, you are wrong again. The debt ceiling is the maximum amount that may be borrowed. The lie about having to borrow to pay old debt is just that, a lie. If we borrow more money we have more debt. At what point do others say they will no longer lend to us. If we pay interest only and continue to borrow, it is even worse.
Okay seriously. The entire ‘Kenyan’ schtick is just old. There are plenty of reasons to criticize Obama. His race and some urban legend about his birthplace aren’t one of them.
presidents ask for spending (legally required to submit executive proposed budget annually)congress originates spending bills in the House, Senate votes yes, president signs.It is a Corporate Endeavor.-Obama’s annual spending totals 2009-2013 added DEBT to the $10.6 Trillion total January 2009 when O was sworn in.-Current 2013 total Debt is $17.2 Trillion.New debt ceiling deal will raise it to $18.2 Trillion by March 2015.-Our kids and grandkids will find out about what taxpayers owe, and when they do learn the burden our generation put n their backs, they should be angry with our voting to keep spenders in office and for what Congress and the Presidents plural all did to create this Impossible-to-pay DEBT.
Yep, future generations are gonna be screwed if the schools don’t start teaching economics better so that the wingnuts can’t use “debt ceiling” as a scary, scary boogeyman in order to avoid fulfilling the basic obligations of a sane society.
dear t j this is about the first debt ceiling raise that did not have major items attached // genome spending does not have to be done right away [ example the border fence was pasted years ago and still not done] simple await till funds come in
Iandian about 10 years ago
In what universe do teens give a hoot (or are even aware of) the debt ceiling?
Mneedle about 10 years ago
No, you are wrong again. The debt ceiling is the maximum amount that may be borrowed. The lie about having to borrow to pay old debt is just that, a lie. If we borrow more money we have more debt. At what point do others say they will no longer lend to us. If we pay interest only and continue to borrow, it is even worse.
warjoski Premium Member about 10 years ago
Okay seriously. The entire ‘Kenyan’ schtick is just old. There are plenty of reasons to criticize Obama. His race and some urban legend about his birthplace aren’t one of them.
eugene57 about 10 years ago
“Spending like a drunken Kenyan. Spend it like it is stolen.”Unintentional description of conservatives yet again.
oneoldhat about 10 years ago
no genome project the debt ceiling raise is for future spending // current debt is limited to current ceiling
ishannon5289 about 10 years ago
Hey! who gave teens time to read the news paper they need to be spending at least 9 hours a day on school work!
kline0800 about 10 years ago
presidents ask for spending (legally required to submit executive proposed budget annually)congress originates spending bills in the House, Senate votes yes, president signs.It is a Corporate Endeavor.-Obama’s annual spending totals 2009-2013 added DEBT to the $10.6 Trillion total January 2009 when O was sworn in.-Current 2013 total Debt is $17.2 Trillion.New debt ceiling deal will raise it to $18.2 Trillion by March 2015.-Our kids and grandkids will find out about what taxpayers owe, and when they do learn the burden our generation put n their backs, they should be angry with our voting to keep spenders in office and for what Congress and the Presidents plural all did to create this Impossible-to-pay DEBT.
Dave Ferro about 10 years ago
Yep. Future generations are gonna be screwed if this experiment in socialism continues much longer…
Michael Peterson Premium Member about 10 years ago
Yep, future generations are gonna be screwed if the schools don’t start teaching economics better so that the wingnuts can’t use “debt ceiling” as a scary, scary boogeyman in order to avoid fulfilling the basic obligations of a sane society.
oneoldhat about 10 years ago
dear t j this is about the first debt ceiling raise that did not have major items attached // genome spending does not have to be done right away [ example the border fence was pasted years ago and still not done] simple await till funds come in