{"id":1109889,"date":"2021-12-11T19:29:07","date_gmt":"2021-12-12T00:29:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1109889"},"modified":"2021-12-11T19:29:10","modified_gmt":"2021-12-12T00:29:10","slug":"biden-mocked-for-bragging-u-s-pays-bills-on-time-by-increasing-debt-an-oxymoron-without-the-oxy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-mocked-for-bragging-u-s-pays-bills-on-time-by-increasing-debt-an-oxymoron-without-the-oxy\/","title":{"rendered":"Biden Mocked For Bragging U.S. Pays Bills On Time By Increasing Debt: \u2018An Oxymoron Without The Oxy\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-mocked-for-bragging-u-s-pays-bills-on-time-by-increasing-debt-an-oxymoron-without-the-oxy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1109889&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden, a Democrat, was widely mocked over the weekend after he posted a tweet in which he bragged about how the United States pays its bills on time by taking on more debt.<\/p>\n<p>\u201cThe United States pays its debts when they are due,\u201d Biden wrote in a tweet that also featured a video. \u201cThat\u2019s why today, I signed a bill to fast-track the process to raise our debt limit.\u201d<\/p>\n<p>\u201cThis bill will reassure all the economic markets at home and around the world that we\u2019re going to continue to pay our debts when they are due,\u201d Biden says in the video as he signs the bill. \u201cAnd that\u2019s what this is all about.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">The United States pays its debts when they are due. That\u2019s why today, I signed a bill to fast-track the process to raise our debt limit. <a href=\"https:\/\/t.co\/Rx4MNC1XS9\">pic.twitter.com\/Rx4MNC1XS9<\/a><\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1469474907700477958?ref_src=twsrc%5Etfw\">December 11, 2021<\/a><\/p>\n<p>The following are some of the most notable responses to Biden\u2019s remarks:<\/p>\n<p><strong>Geoffrey Miller<\/strong>, professor: \u201cThe US pays off its existing credit card bills by using new credit cards with higher spending limits. Totally unsustainable.\u201d<strong>Nick Searcy<\/strong>, actor: \u201cThis 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.\u201d<strong>Sean Davis<\/strong>, The Federalist: \u201cThis 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.\u201d<strong>Corin Nemec<\/strong>, political commentator: \u201cIt\u2019s an oxymoron without the oxy.\u201d<strong>Tim Pool<\/strong>, YouTuber: \u201cI remember when my parents had to use credit cards to pay bills too.\u201d<strong>Ryan Bethencourt<\/strong>, CEO: \u201cLiterally one of the strangest tweets I\u2019ve ever seen, we (the US) pay our debts with debt, I wonder what the endgame is here? $ Devaluation?\u201d<strong>Natalie Brunell<\/strong>, Bitcoin analyst: \u201cWe just paid our Visa with our MasterCard.\u201d<strong>Peter McCormack<\/strong>, political commentator: \u201cWait wut? You are literally putting this debt on the American people you f***ing melt.\u201d<strong>Litquidity<\/strong>: \u201cThe United States pays its debts when they are due by raising the debt ceiling to take on even more debt and \u2018printing\u2019 more money out of thin air.\u201d<strong>Tyler Winklevoss<\/strong>: \u201cThe United States pays its debts when they are due\u2026by robbing Peter to pay Paul.\u201d<strong>Anurag Dixit<\/strong>, political commentator: \u201cAnd he says inflation has peaked.\u201d<strong>Mark Jeffrey<\/strong>, crypto analyst: \u201cYes. We pay our debts by incurring new, larger debts (raising the debt limit \u2014 letting us borrow even more). That\u2019s like drinking more to stop drinking.\u201d<strong>Alasdair Macleod<\/strong>, financial researcher: \u201cIn this clip @POTUS is exposed as completely bonkers. Anyone who thinks leaders like him are planning a global reset should think again. They are all so clueless they can\u2019t even find their way out of a paper bag!\u201d<strong>Per Bylund<\/strong>, professor: \u201cI\u2019m sure whoever wrote this tweet thinks its two sentences are intuitively, logically, and obviously connected. Somehow.\u201d<strong>Joseph Mallozzi<\/strong>, writer: \u201cWait, wut? Has this account been hacked?\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden, a Democrat, was widely mocked over the weekend after he posted a tweet in which he bragged about how the United States pays its bills on time by taking on more debt.\u201cThe United States pays its debts when they are due,\u201d Biden wrote in a tweet that also featured a video. \u201cThat\u2019s why today, I signed a bill to fast-track the process to raise our debt limit.\u201d\u201cThis bill will reassure all the economic markets at home and around the world that we\u2019re going to continue to pay our debts when they are due,\u201d Biden says in the video as he signs the bill. \u201cAnd that\u2019s what this is all about.\u201dThe United States pays its debts when they are due. That\u2019s why today, I signed a bill to fast-track the process to raise our debt limit. pic.twitter.com\/Rx4MNC1XS9\u2014 President Biden (@POTUS) December 11, 2021The following are some of the most notable responses to Biden\u2019s remarks:Geoffrey Miller, professor: \u201cThe US pays off its existing credit card bills by using new credit cards with higher spending limits. Totally unsustainable.\u201dNick Searcy, actor: \u201cThis 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.\u201dSean Davis, The Federalist: \u201cThis 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.\u201dCorin Nemec, political commentator: \u201cIt\u2019s an oxymoron without the oxy.\u201dTim Pool, YouTuber: \u201cI remember when my parents had to use credit cards to pay bills too.\u201dRyan Bethencourt, CEO: \u201cLiterally one of the strangest tweets I\u2019ve ever seen, we (the US) pay our debts with debt, I wonder what the endgame is here? $ Devaluation?\u201dNatalie Brunell, Bitcoin analyst: \u201cWe just paid our Visa with our MasterCard.\u201dPeter McCormack, political commentator: \u201cWait wut? You are literally putting this debt on the American people you f***ing melt.\u201dLitquidity: \u201cThe United States pays its debts when they are due by raising the debt ceiling to take on even more debt and \u2018printing\u2019 more money out of thin air.\u201dTyler Winklevoss: \u201cThe United States pays its debts when they are due\u2026by robbing Peter to pay Paul.\u201dAnurag Dixit, political commentator: \u201cAnd he says inflation has peaked.\u201dMark Jeffrey, crypto analyst: \u201cYes. We pay our debts by incurring new, larger debts (raising the debt limit \u2014 letting us borrow even more). That\u2019s like drinking more to stop drinking.\u201dAlasdair Macleod, financial researcher: \u201cIn this clip @POTUS is exposed as completely bonkers. Anyone who thinks leaders like him are planning a global reset should think again. They are all so clueless they can\u2019t even find their way out of a paper bag!\u201dPer Bylund, professor: \u201cI\u2019m sure whoever wrote this tweet thinks its two sentences are intuitively, logically, and obviously connected. Somehow.\u201dJoseph Mallozzi, writer: \u201cWait, wut? Has this account been hacked?\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":134,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1109889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1109889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/134"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1109889"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1109889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1109889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1109889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1109889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}