This was made statement by President Obama on September 18th. 

“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:

Ed Note: Doesn’t the fact that the U.S. has hit its debt ceiling “over a hundred times” – and has to keep raising it – proof that raising the limit does, in fact, lead to increased debt? How on earth can one have confidence in this statement – Ed

…full remarks at the Business Roundtable September 18th HERE