Debt
Ceiling Is Not Default
It’s just another lie, lie,
lie…
By de Andréa
October 9, 2013
To show you just how misleading
Washington political rhetoric is, this nonsense of not raising the debt ceiling
will plunge the U.S. Government into bankruptcy and subsequent default is a blatant
fabricated lie, something Washington is very good at. It is called Scare Tactics.
President Obama has been using the ‘threat’ of “default” to persuade House Republicans to fund his newly implemented
Hitlercare law which is designed
to fail, and the rest of the heavily indebted federal bureaucracy, as
well as end the government shutdown.
Obama, among other dark things, is a trained extortionist.
The first thing one must understand, is
that raising the debt ceiling is what got us into this mess in the first place.
I mean think America think, economics is not really that difficult, it’s not
rocket science as they say. Raising the
debt ceiling just enables the government to spend more money, just as it would if
you’ raised your debt ceiling, you would just go more into WHAT’, debt’ my
friend. If you would say to your family that we are going to live within our
means from now on, that doesn’t have anything to do with not paying your bills
or going bankrupt. What it does mean
however is that you need to stop spending more money than you take in. Hello!!!
Scare tactics…that what it is. Saul
Alinsky brainwashing 101, from Alinsky’s manifesto of Community
Organizing. This is a large part of
Obama’s indoctrination/education.
“If there’s a way to solve this, it has
to include reopening the government and saying America’s not going to default
and we’re going to pay our bills,” Obama stated at a rare White House
news conference Tuesday, the eighth day of the partial shutdown.
Throwing an appeal directly to the
American people, he said into the television cameras: “We’ve got to stop repeating this
pattern. I know the American people are tired of it. I apologize you have to go
through this stuff every three months, it seems like. And Lord knows, I’m tired
of it.”
“At some point we’ve got to break these
habits.”
Obama even tried to stir up antagonism
and international furor over the debt debate in Washington, telling CNBC in a White House interview “Wall Street should be concerned…When
you have a situation in which a faction is willing to default on U.S.
obligations, then we are in trouble,” he said. He called any talk of “default” on America’s
debts “insane,” “catastrophic” and “chaotic.”
What you should find interesting is that Obama and his crony puppets
are the only ones talking about “DEFAULT”
Senate Majority Leader Nazi Harry Reid
and House Minority Leader Communist Nancy Pelosi both have followed the party
talking points, encouraging Americans to “avoid default” by having the GOP give the president what he wants.
The problem, however, is that the
Democrats’ threat of default is not reality, according to leading economists.
Steven Hess of Moody’s, writes
Michael Aneiro at Barron’s, explains that the debt limit does not have
a direct relationship to a default.
“The government could continue to pay
interest and principal on its debt even in the event that the debt limit is not
raised, leaving its creditworthiness intact,” Hess said.
He explained that the debt
limit restricts government from expenditures to the amount of its incoming
revenues and does not prohibit the government from servicing its debt.
“There is no direct connection
between the debt limit (actually the exhaustion of the Treasury’s extraordinary
measures to raise funds) and a default,” he said.
The
New York Times noted: “Wall Street is
showing few signs so far that it is fearing the financial panic it has been
predicting should the government default on its debt.”
“We
need to go back and redefine ‘default,’” said Rep. Steve
King, R-Iowa. “Default would be if you couldn’t pay the interest and couldn’t manage
the principle on our national debt. And that’s not going to happen. The
resources are there. The cash flow is easily there to pay the interest on our
debt.”
Sen. Tom Coburn, R-Okla., agreed: “I
would dispel the rumor that is going around that you hear on every newscast
that if we don’t raise the debt ceiling we will default on our debt. We won’t.”
The
Chicago Tribune acknowledged “Obama’s fretting may be based more on politics than reality”.
After spending hundreds of words
explaining how Obama wants the House to respond to his proposals, the newspaper
cited Rep. Justin Amash, R-Mich. “There’s
no way to default. There is enough money coming into the Treasury to pay
interest and roll over principle,” Amash said.
The congressman said doomsayers are
spreading their alarm like a religion. “I
say it’s patently not true what they are saying,” Amash said.
In 2011, when the same debt ceiling-default-spending controversy
arose, investment guru Kurt
Brouwer tried to put the issue to rest.
Brouwer concluded the likelihood of not
paying interest on the nation’s debt was zero. Anyone telling the American
people the U.S. government automatically would default if the debt ceiling
wasn’t raised was lying, he insisted.
Analysts, point out that there is no
constitutional guarantee that all federal programs that ever existed, no matter
how bloated, will continue to get federal funding forever. Thus comes into play the various White House
threats that Social Security checks won’t be distributed and that other
necessary services will be left unfunded.
Martial Law is now being funded in spite of shutdown
Case in point is the current attack on
the American public by the National Park Service, which one ranger admitted was
told by the Obama administration to make life as difficult as possible for the
American public amid the federal government’s partial shutdown.
Rangers at Yellowstone, for example,
threatened tourists with arrest if they didn’t go to their hotel and stay
there.
Even Obama, when it was a Republican president wanting a debt
ceiling increase, took
a far different view of raising the debt ceiling.
Obama
said in 2006, when George W. Bush was in office: “The fact that we are here today
to debate raising America’s debt limit is a sign of leadership failure. It is a
sign that the U.S. government can’t pay its own bills. … I therefore intend to
oppose the effort to increase America’s debt limit.”
Now it is Obama who is saying his vote
then was “a political vote, and Congress needs now, for him, to raise the debt
limit unconditionally”.
The difference is now Obama is the
dictator and is stamping his foot demanding to get his way no matter what. He
is bound and determined to break the back of the American economy so he can
rebuild it as a Socialized Dictatorship pure and simple.
“The long and short of it is there’s
going to be a negotiation here,” Boehner said. “We can’t raise the debt ceiling
without doing something about that which drives us to … to raise the debt
ceiling.”
“Default is only a possibility if Obama chooses to default,” said Joseph Farah, WND editor and founder of the “No More Red Ink Campaign,” designed to pressure Republicans
not to raise the debt limit.
“But Obama gives all indications he
might just do that. It’s clear he doesn’t put the economy first. It’s clear he
doesn’t put the best interests of America first. It’s clear he only thinks
about getting his way while blaming others. That’s what his shutdown tactics
reveal,” he said.
“The American people need to understand
that Obama is the architect of this mess. Republicans have given him countless
opportunities to avoid shutdown and avoid a showdown over the debt limit. They
have been too conciliatory. Their thanks is constant vilification and lies
about their motives by Obama. There is only one way to bring America back to
responsible governance in Washington and that is for the Republicans to stand
firm against another debt limit increase – exactly what Obama himself called
for just seven years ago as a U.S. senator.”
A new poll indicates that instead of a
“tea party minority” of the Republican Party trying to force its will on
Washington, it’s actually a “minority” standing behind the president’s position
of unlimited and unrestricted borrowing authority.
After being showered with warnings about the debt ceiling, credit
problems and the borrowing issues, a
full 58 percent of respondents said to a Fox News poll they would vote against
raising the debt limit if they were in Congress. Only 37 percent said
they would.
According to the poll, 62 percent of
all respondents, including a plurality of Democrats, said they would favor a
debt-ceiling increase only if tied to major cuts in government spending.
Only 27 percent said the limit should
be raised unconditionally, as President Obama has demanded.
This is rule by the minority. This is rule by decree. This I rule by despotism. This is rule by
Obama…
If you agree, please share these posts with your friends,
family and co-workers. The only way to defeat the lies and propaganda of
an evil government and its controlled media, is to spread the truth.
Thanks
for listening – de Andréa
Copyright © 2013 by Bottom Line Publishing - Permission to
reprint in whole or in part is gladly granted, provided full credit is given.
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