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
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