Thursday, September 19, 2013

President of the United States of America cant do simple math

Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today.


B/c with the current debt limit the Treasury has managed to keep the national debt at $16,699,396,000,000 for the last 4 months. Who wants to take bets that the next time the debt limit is raised that the National Debt won't grow larger? 
Anyone want to take that bet?  Anyone? 

If you make the 'US pool of money we can spend that we dont have' (USPMWCSTWDH) larger, then more debt will be added to the pool. We've done this a hundred times and each time the debt grew larger.

Anyone still want to bet it wont go up this time?

I didn't think so......

Just as a reminder, the Chairman of the Joint Chiefs has said;

Adm. Mike Mullen: 'National Debt Is Our Biggest Security Threat'

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