Wednesday, September 18, 2013

Because the Debt Ceiling Has Nothing To Do with the Debt...


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. Simply because we need—and will quickly usethe authority of a new and even higher debt ceiling so that we can borrow even more money just to make the interest payments on all that other money we’ve already borrowed and spent under the authority of the last hundred or so debt ceilings does not mean that our debt is going to increase. Don’t listen to anyone who says otherwise, because, I mean, seriously, these Republicans will just say anything at this point..."

1 comments:

Captain Tom said...

Your (well-chosen) amplifying words would help all our low-info shmoes understand, sir...if only they weren't so averse to understanding.