In case you missed it on Wednesday, President Barack Obama said the following words. Out loud. Into a microphone. With a camera running.
And a sneer in his voice.
“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.”
If that seems confusing or oxymoronic or just plain moronic, that’s because you’re not as smart as Obama is. If raising the debt ceiling leads to more debt, then why have they raised it over 100 times?
If you put limits on spending — if you get all teabaggy and say, “You can spend this much, but no more than that, seriously” — then how is the government supposed to fritter away so much dough that they have to borrow more and more from China just to keep our whole deal from collapsing?
Giving somebody permission to spend more of other people’s money doesn’t make them spend more of other people’s money, though. What are you, stupid or something?