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Obama's debt limit speech 1/14/13

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They were called traitors to the King ;)

Maybe that's what your nation needs, some good solid traitors to stand up for your beliefs.

Maybe. But today the traitors are mostly those in power and those who believe them and while knowing what they're all about. Back then the king was just doing what he always did. Whatever he wanted. Today, our leaders aren't allowed to do whatever they want. They are to adhere to some pretty clear cut and strict guidelines on what they call an old piece of paper. When they don't, they become traitors.

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We're called Libertarians. ... and they're coming.... lol

I must be tired, I read that as "we're called librarians".

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I must be tired, I read that as "we're called librarians".

Not so wrong given that most "libertarians" don't know the difference. :innocent:

Edited by questionmark

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If the government didn't spend MORE than it had (oh look, a limit on spending) it wouldn't go OVER the debt limit.

apparently too simple of a concept for you. That is NOT how it works. The debt limit is limits what can be PAID not what can be spent.

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And ninja once...again...misses...the...point. Probably because it's hard when you're used to responding in one sentence, to read more than once sentence of somebody's post. I get it. It's hard for everyone. But we struggle through it.

Because I'm mildly insane, and I think that repetition helps with reading comprehension, I'll try one more time.

Yes, ninja, I'd like to start by acknowledging that you're ONE HUNDRED PERCENT CORRECT. The debt limit is indeed a limit on what can be PAID. Cue the fireworks. You're brilliant. But...you unfortunately missed the point. You see, the reason that the government PAYS is because the government SPENDS. In fact, believe it or not, it SPENDS what it does not HAVE. That is what the DEBT LIMIT is for. I'm glad you've grasped that part so far. Now, if the government paid attention to the DEBT LIMIT, and respected it, it would not SPEND more than it had, so it would not go beyond the DEBT LIMIT to PAY. Keeping up so far? That means that the DEBT LIMIT would become a de facto SPENDING LIMIT. This is because the government would not SPEND what it cannot PAY without raising the DEBT LIMIT.

God, I hope you get it this time.

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Socrates, i hit like after your first two sentences. I'll finish reading your post now.

Edited by -Mr_Fess-

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