Obama actually said to actual business people at an actual Business Roundtable in our actual captial, according to CNS News.
“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. All it does is it says you got to pay the bills that you’ve already racked up, Congress. It’s a basic function of making sure that the full faith and credit of the United States is preserved. …
“It’s always a tough vote because the average person thinks raising the debt ceiling must mean that we’re running up our debt, so people don’t like to vote on it, and, typically, there’s some gamesmanship in terms of making the President’s party shoulder the burden of raising the — taking the vote.”
Well, if they’ve raised it 100 times and have to raise it again, there sure seems to be a connection between spending and raising the debt ceiling. It may not be a mathematical causality, but it sure is a human nature one — there is no price pay for profligacy, so keep spending like drunken sailors. No offense to drunken sailors.
We are taxing our grandchildren and they have no representation. They have every right to revolt.