What more needs to be said? dlh
BIDEN MOCKED FOR BRAGGING THAT U.S. PAYS ITS BILLS ON TIME BY INCREASING DEBT.
“An ‘Oxymoron without the ‘oxy’ ….“
President Biden
“This bill will reassure all the economic markets at home and around the world that we’re going to continue to pay our debts when they are due,” Biden says in the video as he signs the bill. “And that’s what this is all about.”
“The United States pays its debts when they are due. That’s why today, I signed a bill to fast-track the process to raise our debt limit…”
The following are some of the most notable responses to Biden’s remarks:
Geoffrey Miller, professor: “The US pays off its existing credit card bills by using new credit cards with higher spending limits. Totally unsustainable.”
Nick Searcy, actor: “This is like paying off credit card debt by transferring your balance to another card with a higher interest rate and a higher limit. The children tweeting for @joebiden are like college kids over drafting their accounts and paying it back with money from their parents.”
Sean Davis, The Federalist: “This is the equivalent of patting yourself on the back for getting a new, higher interest rate credit card to pay down another credit card balance.”
