Wednesday, July 27, 2011
Sworn Duty, Fear Mongering and Lies
How dare Obama. How dare the Democrats?
Has The United States ever had a President who has behaved more recklessly told the American people one thing and Walls Street Bankers something entirely different? According to Charlie Gasparino, Obama has exactly done just that, ..."In a series of phone calls, administration officials have told bankers that the administration will not allow a default to happen even if the debt cap isn't raised by the August 2 date Treasury Secretary Tim Geithner says the government will run out of money to pay all its bills, including obligations to bond holders. Geithner made the rounds on the Sunday talk shows saying a default is imminent if the debt ceiling isn't raised, and President Obama issued a similar warning during a Friday press conference after budget negotiations with House Republicans broke down..."
What an Outrage! Has the United States ever had a President so bound to his Agenda that he would spend 8 1/2 months doing nothing when the economic health of the United States is in as dire trouble as reality shows do nothing?
And while Obama has not withdrawn his threat to Seniors, Senator Toomey R PA has re-introduced a bill "... a bill to prioritize payments to government vendors in the event we get to Aug. 2 without raising the nation's debt limit. Instead of the fire and brimstone predicted by the president and others for failing to hike the $14.3 trillion borrowing limit, Toomey has long predicted only "disruption." The bill would give at least some certainty to Aug. 3 and beyond, mandating that Treasury pay off interest on the debt -- thus avoiding a default on our debt -- Social Security and pay for active duty military.
This is a major cause for Toomey, who penned a Wall Street Journal op-ed on this and made the Full Faith and Credit Act his first bill as a senator -- though it was voted down on party lines in March. Treasury Secretary Tim Geithner has made no secret of his dislike for forcing Treasury to prioritize certain obligations, and President Obama himself has said he can't guarantee Social Security payments...."
Where is Obama's plan? The only plan I have seen from the Whitehouse is a demand to continue red ink spending, threatening Seniors, the Military and Veterans, one reflecting resentment towards the American voting public who in November 2010 who sent a clear message to the President and both the Democratic and Republican parties to do their jobs.
Name another other of our presidents who has in one term doubled the national debt, which had taken more than two centuries to accumulate, in one year. Name one other of our presidents who had then proposed to double the debt again within 10 years. Obama demands a plan that will carry him through the 2012 election, so that his spending and policies are not a part of the next National Re-election.
Let me be clear spending this nation into economic chaos is in clear violation of that sworn fiduciary duty.