CBS' Mark Knoller Details Obama's Debt Limit Hypocrisy

Seemingly oblivious to his own past statements, Barack Obama made said the following in remarks at the Business Round Table 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.

We’ll leave it to Mark Knoller of CBS to put the record straight – as he did on Twitter today. It would seem, as with all too many of Obama’s statements, his previous remarks on the debt ceiling came with an expiration date – the day it became his responsibility, as opposed to a Republican president’s. Knoller went on to make the point that, contrary to Obama’s claim, raising the debt limit has always resulted in an increase in the national debt.


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