Sunday, September 29, 2013

President Obama laughs at ISSUED DEBT

Is debt a laughing matter?

Obama's recent address on Iran and Republicans along with the pending government shutdown:

Obama on what raising the DEBT CEILING really means: 

"..let's get this done.  This brings me to Congresses' second responsibility: Once they vote to keep the government open they also have to vote within the next couple of weeks to allow the Treasury to pay the bills for the money that Congress has already spent.  I want to repeat raising the debt ceiling is simply authorizing the Treasury to pay for what Congress has already authorized..."

"...America is the bedrock of world investment.  The dollar is the reserve currency.  The debt that is issued by the Treasury is the foundation [chuckle] for our capital markets.  That's why you don't fool with it!"

--President Barack Hussein Obama

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