'Raising the Debt Ceiling...Does Not Increase Our Debt,'?
Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today.
"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."...