On the recordOctober 1, 2015
Raising the debt ceiling does not authorize us to spend more, it simply authorizes us to pay the bills that we have already incurred.
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presidency.ucsb.edu“Raising the debt ceiling does not authorize us to spend more, it simply authorizes us to pay the bills that we have already incurred.”
The President's News Conference
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That's what I hope every visitor to this center takes away from their experience.
Every president here today, as different as we are, has tried our best to uphold the values that John McCain and Mitt Romney believed in no less than I did.
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