Borrow from Peter to pay Paul to get out of debt.

[Liveliner]

<span style="color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 12.800000190734863px; line-height: 13.600000381469727px">Is this just me who sees this. Right now this minute The White House Spokesperson Jay Carney is in a press conference attempting to explain the debt ceiling increase. The statement by him which is word for word of what Ophucbama said earlier. They say the debt ceiling increase will not increase the debt nor will it cost a single dime to the Taxpayer. He said it is a standard procedure to simple allow for existing debts to be paid off by borrowing additional money. Now Isn't that like borrowing from Peter to pay Paul? So ... you have a debt, You are not taking the money now designated to pay it down as you were supposed to before you spent that money... Your logic is to borrow more money with more interest to pay off the existing debt with new money... WTF. How is that ever helping to reduce the debt. It looks more like a car tittle pawn to make a standard car payment. They are just digging into a deeper crisis and obviously think some of us are as stupid as all those voters who can not figure this out and actually believe this pot of crap... Jay actually did in fact use making car payments as his example. However, he failed to admit the overall debt would increase to the new higher limit. He stated the debt would not be effected by the increased limit.. Then What is the purpose of the increased ceiling limit in the first place Jay? God help us being led by these arrogant Bastards. No wonder we are in trouble.. It is the people who are ignorant who believe these people who are to blame.. Not George Bush.</span>
<span style="color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 12.800000190734863px; line-height: 13.600000381469727px">I just watched Ophucbama say this LIVE and I just watched Jay Carney say this LIVE only minutes ago.. This is not Fox News. It is the facts straight from the White House.</span>

 

[flpper]

He also claimed this morning that he had cut the deficit in half since he was elected in '08. Is yhis true????