BO’s Big Lie about why the Debt Ceiling must be raised:
“Republicans in Congress have two choices here: They can act responsibly and pay America’s bills, or they can act irresponsibly and put America through another economic crisis. But they will not collect a ransom in exchange for not crashing the American economy. The financial well-being of the American people is not leverage to be used. The full faith and credit of the United States of America is not a bargaining chip”.
There is absolutelyno truth in what he says.
Federal revenue is about $200B/month.
Our debt payments are about $30B/month.
Do the math.
BO simply has to make the debt payments before he has nothing left over.
BO saying that we would default is a deliberate lie.
There’s no default unless he intentionally decides to do so.
He simply wants the debt ceiling raised so he can spend more
Republicans gave him his tax increases.
He postponed the spending cuts that were part of the deal.
Now, he wants the debt ceiling raised…
…to not just renege on the spending cuts…
… but to increase spending!
The GOP just can’t seem to learn that it’s a bad idea to let BO win public opinion on an issue by allowing him to repeat his lies over and over without challenge. The country’s “full faith and credit” is not in danger without BO putting it in danger.
BO will continue to get away with these lies if the GOP doesn’t smarten up and realize the importance of publicly - and repeatedly - setting the record straight.
After two BO election victories based on lies and broken promises, isn’t it time to man up? If you’re not going to then please just stop fighting and just roll over and give him everything he wants…accompanied by your usual feeble protests. At least then, when the inevitable crash occurs, the blame falls solely on BO and his apparatchiks.
PS
And call out the media for knowingly repeating BO’s lies.
Disgustedly,
Your fed up constituents
-- Edited by AllanC on Monday 4th of February 2013 10:52:07 AM
The National Debt is well over 16.5 trillion. Less than a year ago it was 15.5 trillion. Supposedly on March 1st there will be a 1.2 trillion cut shared by the military and domestic programs. I can't wait to see the spin that will be put on this little issue less than a month away.
I may be wrong here, so please correct me if I am. As I understand it the 1.2 trillion cut lined up for March 1st, if it occurs, will be a cut in the current budget, not the National Debt. I think that will still leave the current spending level in the red which will further increase the National Debt. But just not as much as it would have without the spending cuts. In any case, you are right, it will be interesting to see what they come with and how they try to sell it to us.
