In response to:

Hmm: Carney Won't Comment on the Size of Obama's Preferred Debt Limit Increase

Frank1802 Wrote: Jan 17, 2013 4:19 PM
Obama, and by extension his glove puppet Carney will not put a figure on how big an increase he wants on the Debt Ceiling because as he has already said and not a few of his African American trolls in the Democrat Party have said he wants an UNLIMITED ceiling and for him and him alone to be the arbiter of the size of America's debt. Given that even with an albeit weak Congressional oversight he managed to add over $6 trillion in four years I can only conclude the amount will be astronomical and the projected figure of $22 trillion by 2016 is a very conservative estimate of where it will end up.
Frank1802 Wrote: Jan 17, 2013 4:50 PM
Further, having just listened again to Carney it is clear that neither he, nor his boss, gets it. Ffitch has now repeated that without a viable and sustainable debt and spending reduction plan they will join Standard and Poors in lowering America's credit rating from AAA. That would add to Government spending because of the higher rate of interest payable. America is firmly on the road to bankruptcy.
rmt5 in MA Wrote: Jan 17, 2013 4:57 PM
If by "gets it" in the the sense they they understand basic economic do's and don'ts, it does not matter. Obama refuses to do anything other than his OWN agenda which is incompatible with standard economics.

Let's see if you can make heads or tails of this vacuous jumble of words from White House Press Secretary Jay Carney:
 


The question is extremely simple: If Congress agrees to meet the president's demands and hike the debt ceiling without any preconditions, what dollar figure and/or time frame would the president like to see in the legislation?  Increasing the debt ceiling isn't a hypothetical or symbolic action.  It involves extending the government's ability to borrow a finite amount of money -- you know, actual dollars...