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Obama's People Admit He Was Lying About Default
American Spectator ^ | on 7.27.11 @ 3:15AM | By Matthew Vadum

Posted on 07/27/2011 4:33:58 AM PDT by Behind Liberal Lines

President Obama has no intention of allowing the U.S. government to default on its financial obligations regardless of whether the government's borrowing limit is raised...

This means that the president has been bargaining in bad faith with congressional leaders by raising the specter of a default, knowing full well he won't allow it to happen. This is another way of putting it: the president has been lying to the nation.

(Excerpt) Read more at spectator.org ...


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: ceiling; debt; deficit; obama

1 posted on 07/27/2011 4:34:03 AM PDT by Behind Liberal Lines
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To: Behind Liberal Lines

Of course this brings up the question, just what
does he think he is going to do. We could really
be facing a constitutional crisis depending on what
it is.


2 posted on 07/27/2011 4:36:54 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Behind Liberal Lines
This is another way of putting it: the president has been lying to the nation.

I find that very hard to believe. </sacrasm>

3 posted on 07/27/2011 4:38:01 AM PDT by upchuck (A default is not an economic event. It is a political event. Cut NOW, not in ten years.)
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To: upchuck

I’m shocked.


4 posted on 07/27/2011 4:41:40 AM PDT by LyinLibs (All moslems are somewhere on the killing-you spectrum)
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To: Behind Liberal Lines

We all know this to be true, well except the MSM™.


5 posted on 07/27/2011 4:45:38 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Behind Liberal Lines

Okay, so the Bankers are reassured by the regime that the US will not default. Everyone knows interest expense is 10% of Fedzilla revenue.
So why the crisis, why the need for debt ceiling room until 0bamacare kicks in with new taxes and the Bush tax cuts expire?
What is this Plan B, and why has the plan not been written dowm?
Will 0bama spring the plan upon everyone, at which time we find out what’s in it?

Can we get some honesty from the 0bama government?


6 posted on 07/27/2011 4:47:07 AM PDT by Steven Tyler
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To: Behind Liberal Lines

The weapon most often used by the criminal( socialist) is the lie.

“Everything about socialism is sham and affectation.” - 23.11 Ch23; Evil; Economic Harmonies; Frederic Bastiat 1801-1850


7 posted on 07/27/2011 4:49:07 AM PDT by PGalt
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To: PGalt

Liar, liar...pants on fire!


8 posted on 07/27/2011 4:50:37 AM PDT by hal ogen (First Amendment or Reducation Camp?)
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To: tet68

The only constitutional crisis is the govt spending money not in the congressional budget via not passing a budget and using continuing resolutions.


9 posted on 07/27/2011 4:50:49 AM PDT by Justa
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To: Behind Liberal Lines

“What clever man has ever needed to commit a crime? Crime is the last resort of political half-wits.” Charles Maurice de Talleyrand


10 posted on 07/27/2011 4:51:19 AM PDT by SMARTY (A claim for equality of material position can be met only by a government with totalitarian powers.)
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To: Steven Tyler

He has no plan. No way he’s going to put down on a piece of paper one dime of cuts to social programs. His base would go ballistic.


11 posted on 07/27/2011 4:52:34 AM PDT by randita (All we are sayin' is give peas a chance...)
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To: Steven Tyler
Can we get some honesty from the 0bama government?

Given the nature and content of the article, I have to assume this was a rhetorical question bordering on sarcasm.

12 posted on 07/27/2011 4:53:14 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: Behind Liberal Lines
So, the July 22 deadline was phony. The August 2 deadline is also phony.

These guys lose credibility by the second.

13 posted on 07/27/2011 4:57:58 AM PDT by Former Proud Canadian (We .. have a purpose .. no longer to please every dictator with a vote at the UN. PM Harper)
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To: Behind Liberal Lines

Obama lying?

Dog bites man.

When Obama tells the truth - now THAT’S news.


14 posted on 07/27/2011 5:03:23 AM PDT by Jack Hammer
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To: central_va

We have to consider; DOES obama CARE IF THE COUNTRY DEFAULTS

wOULD THAT HELP HIM IN HIS PLAN TO DESTROY THE COUNTRY?


15 posted on 07/27/2011 5:06:07 AM PDT by aumrl (let's keep it real Conservatives)
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To: Behind Liberal Lines

There is no breaking news in that statement, mac, the crybaby liar, daddy does not know how to tell the truth about anything.


16 posted on 07/27/2011 5:07:11 AM PDT by chiefqc
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To: Behind Liberal Lines

save


17 posted on 07/27/2011 5:23:42 AM PDT by Rumplemeyer (The GOP should stand its ground - and fix Bayonets)
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To: Behind Liberal Lines
the president has been lying to the nation

What? Again?!?

(well, his mouth was moving...)

18 posted on 07/27/2011 5:41:45 AM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: Behind Liberal Lines
Joke

How many members of the Obama administration does it take to change a light bulb?

None. They can't change a thing.

19 posted on 07/27/2011 6:16:19 AM PDT by Skeez (O)
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To: Behind Liberal Lines

The president’s plan is in Al Gore’s Lockbox. It’s on double-secret lockdown.


20 posted on 07/27/2011 6:22:13 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: Behind Liberal Lines
If that is the case, I want to see if somebody can ask whether Obama may have violated SEC regulations by deliberately "talking down the market" for the benefit of hedge fund traders (hello, George Soros!) who have a lot of shorting positions....

In fact, shorting the market was how one Joseph P. Kennedy, Sr. went from being worth US$4 million in 1929 (around US$51.3 million today) to US$180 million in 1935 (around US$2.88 billion today).

21 posted on 07/27/2011 6:22:53 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Skeez

I was wondering if the “0bama’s people” in the article title had anything to do with “Holder’s people”.


22 posted on 07/27/2011 6:27:58 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Steven Tyler

Necessary to raise the debt before the implementation of Quantitative Easing part trois (QE3).


23 posted on 07/27/2011 6:29:12 AM PDT by Aevery_Freeman (White Hetero Able Male (WHAM) a.k.a. NOT Holder's people)
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To: Behind Liberal Lines
Here's a video of Urkel himself admitting his (and every RAT's) 2006 vote AGAINST raising the debt ceiling was political.

The question is, if he was playing politics when he voted against it, why should we think he's not playing politics now?

Video: Obama Admits 2006 Vote Was Political

24 posted on 07/27/2011 6:40:52 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: tet68

This is his signal that he will raise the debt ceiling on his own. And, man, how MUCH will raise it!


25 posted on 07/27/2011 10:59:45 AM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: PGalt

The ends justify the means, Comrade. Even genocide.


26 posted on 07/27/2011 11:20:40 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: TexasRepublic
The ends justify the means, Comrade. Even genocide.

You got that right, TexasRepublic! More often than not, many-to-millions of innocent people are murdered during a span of socialism.

27 posted on 07/27/2011 1:03:17 PM PDT by PGalt
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