Obama in July, 2008:
[youtube https://www.youtube.com/watch?v=ydZTHPkOnvE?rel=0]
Obama in September, 2013:
[youtube https://www.youtube.com/watch?v=58zamUOSPxk?start=102]
Raising the debt ceiling, which has been done over a hundred times,
does not increase our debt.
Then why do we need to raise the ceiling? Aren’t we again “taking out a credit card from the Bank of China in the name of our children” and “driving up the national debt”? What’s different now?
The difference is, now he’s the President, and under his administration, the national debt has increased from $10.5 trillion in November of 2008 to over $16.9 trillion today, some $200 billion over the current “ceiling,” – but through accounting sleight-of-hand by the Treasury, it’s been “officially” stuck at $16,699,396,000,000 since mid-May, an interesting tidbit the MSM hasn’t found interesting enough to comment on.
It’s like they’re protecting him or something.