This is President Obama in all his sneeringly condescending glory:

"Now, this debt ceiling -- I just want to remind people in case you haven't been keeping up -- raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you've already racked up, Congress. It's a basic function of making sure that the full faith and credit of the United States is preserved."

Obama went on to suggest that "the average person" mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt:

"It's always a tough vote because the average person thinks raising the debt ceiling must mean that we're running up our debt, so people don't like to vote on it, and, typically, there's some gamesmanship in terms of making the President's party shoulder the burden of raising the -- taking the vote."

Get that? You're too stupid to understand this government stuff so just trust me when I say that raising the debt celing is really a good thing because it ensures the full faith and credit of the US.

After that...ooops! I mean, we can't help it if we raise the debt ceiling by 2 trillion dollars and lo and behold, Congress goes and overspends that 2 trillion, thus adding to the debt. But that extra 2 trillion added to our national debt wasn't because we raised the debt ceiling, right?

By this time, the "average person" thinks Obama is a putz when it comes to economics. With statements like that, who can blame them?