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The Background:
Speaking to the Business Roundtable, President Obama claimed raising the debt ceiling does not raise the deficit, and attempted to pass the buck to Congress.

The Quote:
Barack Obama Now, uh this debt ceiling, I just want to remind people, in, uh, um, in case you haven't been keeping up, raising the debt ceiling, which is done, has been done over a hundred times, does not increase our debt; it does uh not somehow promote profligacy. All it does is it says you got to pay the bills that you've already racked up, Congress. It, it, It's a basic function uh of making sure that the full faith and credit of the United States is preserved.

The Who & When:
  • Barack Obama, September 18, 2013


  • The Source:
  • CNS News


  • The Video:
    See More Pablum From Barack Obama:
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