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Gingrich: Obama's big debt limit deception
September 20th, 2013
10:12 AM ET

Gingrich: Obama's big debt limit deception

(CNN) - As a historian and a former speaker of the House who negotiated successfully through two government shutdowns, a successful welfare reform bill, the first tax cut in 16 years and four balanced budgets, I am offended and a little frightened by President Barack Obama's deliberate dishonesty about the debt ceiling.

On Wednesday, speaking to the Business Roundtable, Obama said:

"You have never seen in the history of the United States the debt ceiling or the threat of not raising the debt being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt."

This is just plain false, and he knows it. That he would say something so factually false in a prepared text is very worrisome.

Posted by
Filed under: economy • Newt Gingrich
soundoff (9 Responses)
  1. Roger

    Gingrich is one of those old grumpy Republicans who will never never say anything good about a Democratic President. What is he doing on CNN anyway? Is CNN becaming FOX TV? I don't like the republican's dishonesty.

    September 22, 2013 at 5:41 pm | Reply
    • TK

      I agree with you, why do they hate this president. He has brought socialism to America and we love him for it.

      September 22, 2013 at 11:46 pm | Reply
  2. Tom1940

    Isn't it surprising that the President knows so little about Capitalism, Federal Economics, Fiscal Policy and fundamentally "how" the United States Economy functions!
    I Agree with former Speaker Gingrich's analysis.
    The President in saying "We are not a Banana Republic!" brought to mind what the definition of what a Banana Republic is. It is ran by either a dictator, or a populist leader with a legislature that it in his pocket. A "friendly" media which says nothing contrary about policies nor actions of the political leader. It has a majority population of those feeding from the public trough that are loyal, obedient and support the leadership without question. It is a country long on potential, but because of the drag upon it's economy by a social-welfare mindset among it's leadership, it is not allowed to function, because to do so would "wean" the electorate off of the "public teat". It is a country deeply in national debt. It's citizens have high or underemployment at depressed wages. It is a country that is deteriorating in it's being taken seriously by it's allies, friends and neighbors. It is a country whose military is being degraded. It is a country that is failing in diplomacy and cannot fulfill it's threats, commitments nor it's promises over time because of this degradation. In short it is the United States, as it exists today. Unfortunately there are three more years (+/-) and this degradation will continue. But to say "We are not a Banana Republic!" I suggest Mr. President, that may be an insult to the "Banana Republic" concept/definition – because from where I stand, that might be a "step up" not down, by your definition.

    September 22, 2013 at 11:46 am | Reply
    • 1Joyce

      Well said.

      September 22, 2013 at 9:03 pm | Reply
    • Mainer

      Republicans are liars plain and simple. Our nations debt was created over decades and mostly by two unfunded wars. Blame our president if it makes you feel better, but your hateful candidate will never win the white house. My bet is you will lose the House of Represenatives next year also. Hateful old rich people have to go!

      September 23, 2013 at 6:15 am | Reply
  3. just wondering

    CNN aka.... FOX LITE

    September 22, 2013 at 11:37 am | Reply
  4. orrball

    First thing my credit card company would want to know is if I was not going to add to the debt why would I want to raise it ? Does Obama think he is talking to idiots ? Look at bonuses , vacations trip to Africa, Sulindra and the others/ also car companies, banks, mortgage companies, all the scandals flying around across the country we could have save money.

    September 21, 2013 at 11:41 pm | Reply
  5. June

    Those who have followed Newt's lead have even called liberalism a mental disorder that must be eliminated – it is very scary to hear talk like that.

    September 21, 2013 at 1:59 pm | Reply
  6. June

    I would like to believe Newt has changed. It is likely, but I do not think people really really understand what the intense vilification of Democrats (that began largely under Newt in the 1990's extending through today with the likes of Limbaugh) has done to Democrats who live in VERY RED states.

    We actually live in fear for our lives and our children's safety. We do not put out yard signs or put bumper stickers on our cars, we do not discuss politics unless we know the other person is of a similar "political race."

    When Gabby got shot our first thought was that it was a right-wing-nut who was taking literally Sara Palin's advice about cross-hairs, someone who believed all the hype on talk-radio, because we worry about our safety come election time on a regular basis due to all the hate filled speech.

    Intense negative speech and pairing negative adjectives with Democrats designed to inspire negative emotions largely began and was emphasized under newt. Speech Newt initially helped to make popular, even if he himself hid not take it quite so far.

    He needs to help undo the damage he helped to create before i will ever trust what he has to say

    September 21, 2013 at 1:52 pm | Reply

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