Perry Urges Congress Not To Raise Debt Ceiling

WALTERBORO, S.C. (CBS) – Texas Gov. Rick Perry urged members of Congress on Thursday to reject an increase in the debt ceiling requested by President Obama, telling a small audience here that it meant the government would print more money and devalue existing currency.

“The president again went to Congress to ask them to raise the debt ceiling. That means they’re going to print more money, they’re going to spend more money. The dollars in your pocket are going to be devalued even more,” Perry said. “I hope the members of Congress send a very clear message to the president. Not now, not again, absolutely not, Mr. President, we are not going to raise the debt ceiling, we are going to cut spending. Because that’s what you have to do in your budgets.”

The request is part of an agreement reached in August between the White House and Congress to raise the debt limit to $15.2 trillion while creating a “supercommittee” that unsuccessfully sought to reach a bipartisan deal last fall. The limit was supposed to be raised in three tranches; this is the third.

Perry also railed against the Obama for the second of the increases while on the campaign trail in Iowa last month.

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One Comment

  1. altha says:

    Rick Perry tell me-anybody listening to you? remember you are at the bottom.

    1. Whiskey…Tango…Foxtrot says:

      I love the way all the idiot Republican leaders keep saying “the government needs to get out of the way of corporations”; until their corporate buddies start floundering because of their own stupid greedy, high risk business practices and these same idiot Republican leaders start ordering for tax payers to pay for their corporate buddies mistakes. Then just like in 2008 when George W. Bush gave over $900 billion to AIG, Fannie May & Freddy Mac, Goldman Sachs and JP Morgan, all of which are responsible for economic disaster we’re now in.

  2. oldman69 says:

    who in their right mind would listem to ANYTHING Perry would have to say-look how he has really brought Texas along-what a phony

  3. jJONES says:


  4. Bob says:

    Raising the debt ceiling is not printing money. If you did not raise the debt ceiling we would need to print money to cover our bills vs. borrow money to cover them.

    Does anyone know why we have a debt ceiling in the first place?

    Ages ago anytime congress wanted to borrow money for an activity they had to pass a specific bill to cover that spending. This became too much work so instead they shucked their responsibility to the agencies and said spend what you want up to the debt ceiling amount. If you need more we will just raise the limit for you.

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