Obama: "Raising The Debt Ceiling, It Doesn't Cost A Dime"

http://www.realclearpolitics.com/video/2013/09/20/obama_raising_the_debt_ceiling_it_doesnt_cost_a_dime.html


PRESIDENT OBAMA: If the world sees America not paying its bills, then they will not buy debt, Treasury bills from the United States, or if they do, they'll do it at much higher interest rates. That means somebody wanting to buy an F-150 will have to pay much higher interest rates eventually, which means you will sell less cars. That’s just one example of how profoundly destructive this could be. This is not some abstract thing.


Obamas look speaks volume. I would say the majority of that audience doesn't even know what a deficit is, yet clap right in cue lol.

Funny when they believe their own lies.