A lie is: A false statement, made with intent to mislead people. Deceptive intent is required, or else it’s just an honest mistake.
Intent is often hard to know. But sometimes, a falsehood is so outlandish that there is little room for the honest mistake; your only other choice is to think the person is an imbecile, or delusional.
Regarding the debt ceiling, President Obama said this on Oct. 3:
I want to spend a little time on this. It’s something called raising the debt ceiling. And it’s got a lousy name, so a lot of people end up thinking, I don’t know, I don’t think we should raise our debt ceiling, because it sounds like we’re raising our debt. But that’s not what this is about.
*It doesn’t cost taxpayers a single dime. It doesn’t grow our deficits by a single dime. It doesn’t allow anybody to spend any new money whatsoever. So it’s not something that raises our debt.*
Emphasis added. The emphasized part is 100% false. It isn’t political spin; it is a set of total falsehoods.
The whole point of raising our debt ceiling is precisely to spend more money and raise our debt. It will authorize the Treasury to borrow beyond the current ceiling, which they mean to do instantly upon getting the authorization (the debt ceiling increase).
Within maybe two weeks of raising it, they will add hundreds of billions to our debt. Aside from the debt principal, the added ongoing interest costs will indeed grow our deficits.
There is no way Obama could not know, unless he were mentally incompetent. Isn’t it more respectful to say he’s lying? Because that at least credits him with a normal-functioning brain.
What it does is allow the U.S. Treasury, the U.S. government to pay the bills that Congress has already racked up.
Also untrue. It confuses the difference between past and future spending, and pushes a hidden all-or-nothing stance on future spending.
Tax revenues alone will cover the government’s past spending, “the bills that Congress has already racked up”. As well as ongoing essential services. What tax revenues can’t do, is pay for everything the Democrats want. If we do not raise the debt ceiling, PART of our future spending must be denied – the part for which the Treasury would have borrowed the money.
(Aside: There is a lot of talk about debt default, if we don’t raise the ceiling, but even that is strictly optional. Tax revenue will cover our debt maintenance payments and a good deal more. Again, some spending would have to be sacrificed; but Obama and Congress would be able to choose what. We would have the scary ‘default’ only if Obama chose to sacrifice our debt payments. So, if he talks about default, he’s just making a threat to keep us hostage to his agenda.)
Obama does not want future spending to suffer in the least, so he lies to us that his future spending is “bills to be paid”. As his speech continued:
I want you to think about this. If you go to a restaurant, you order a meal, you eat it. Maybe you have some wine. Maybe you have two glasses of wine — great meal. And then you look at the tab — it’s pretty expensive — and you decide I’m not going to pay the bill. But you’re not saving money. You’re not being frugal. You’re just a deadbeat, right?
But it’s a bill for goods and services that you consumed already. Morally, you spent the money (created the debt) when you ate the meal. The bill settles what happened in the recent past.
The debt ceiling is not about that; it’s about our spending from here forward. A more truthful analogy would be: You sit down in the restaurant, you see the expensive menu, and say “What was I thinking? I promised my date this, but I would have to go into debt to buy it” – and you apologize profusely, then take him someplace cheaper. No, you didn’t run out on a bill. Instead, you wisely prevented a debt you can’t afford.
Obama is the guy who promises his date a very expensive meal, but he knows his credit card is tapped out, so he says “Hold on babe, first I gotta call the credit company for a ceiling increase. And that doesn’t cost us a dime.” And the company already gave him too many increases, so they decline him. And he tells them, rather strangely, “I’m trying to pay a bill here! YOU must let me!” His date can’t believe her ears, and she leaves.
Foregoing the meal honestly is what Obama won’t do. The “meal” is massive, ongoing (or future) spending to pay off Democrat interest groups. Obama won’t give that up, so he lies to bluff us into raising his credit card limit – again.
You can be sure that if Bush (or any GOP president) tried it, the Establishment media would be crucifying him right now. So, media bias plays a role. They hold Obama to some horribly low expectations, and he’s gotten used to exploiting it.
Hat tip to Peter Schiff for putting me onto Obama’s speech.