Skip to comments.Sarah Palin: Obama’s Debt Default is on His Shoulders While We Shoulder His Impeachable Offenses
Posted on 10/14/2013 1:36:45 PM PDT by Bigtigermike
Obamas Debt Default is on His Shoulders While We Shoulder His Impeachable Offenses
Apparently the president thinks he can furlough reality when talking about the debt limit. To suggest that raising the debt limit doesnt incur more debt is laughably absurd. The very reason why you raise the debt limit is so that you can incur more debt. Otherwise whats the point?
Its also shameful to see him scaremongering the markets with his talk of default. There is no way we can default if we follow the Constitution. The Fourteenth Amendment, Section 4, requires that we service our debt first. We currently collect more than enough tax revenue to service our debt if we do that first. However, we dont have enough money to continue to finance our ever-growing federal government (with our $17 trillion dollar national debt that has increased over 50% since Obama took office). Thats why President Obama wants to increase the debt limit. He doesnt want to make the tough decisions to rein in government spending. So, hes scaremongering the markets about default, just as he tries to scaremonger our senior citizens about their Social Security, which, by the way, is funded by the Social Security Trust Fund and is solvent through 2038.
Its time for the president to be honest with the American people for a change. Defaulting on our national debt is an impeachable offense, and any attempt by President Obama to unilaterally raise the debt limit without Congress is also an impeachable offense. A default would also be a shameful lack of leadership, just as mindlessly increasing our debt without trying to rein in spending is a betrayal of our children and grandchildren who will be stuck with the bill.
- Sarah Palin
Sarah is on to something. Moreover, I would add that Obama has been signing these spending bills. If he knows that we must borrow money to pay for them, why did he sign them?
love this woman
she nails it every time
She;s been banged about off the left and the so called right but she is still there telling it as it is.
Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
I can tell you what happens when we hit the legal Debt Limit! It is called INSTANT BALANCED BUDGET. No default, just an instant, relatively painless, balanced budget! It will be a BLESSING.
Thank you once again for telling the American people the truth — something our cowardly senators refuse to do — either because they themselves are ignorant of the facts, or else they are colluding with the dims.
The time has come to cut up the credit card.
Go Sarah go!
Sarah Palin is a true blessing upon our nation.
This section of the 14th Amendment is being twisted and contorted by the Rats from its original purpose-—to take care of Civil War veterans and to destroy the credit of the former Confederate States of America, once and for all. It has nothing to do with the modern debt ceiling.
Not only did they destroy the credit of the insurrection that pretended to be a Confederacy, it also removed credit claims from the creditors of the insurrection.
The supporters of the failed insurrection used the pension clause as a loophole for states to pay pension claims to their soldiers. My understanding is some insurrection soldiers subsequently married young women who as widows collected pensions well into the 20th Century.
Yes She Is!
She was also lucky to me this guy.
That is gutsy... We have nothing to lose, if Cockroach can’t eve remove the medical device tax, ... Well it is sort like a kid and a chemistry set.... lets put these two chemicals together, and see what happens... LOL NO raise the ceiling if there is no real compromise...
I think Obama increased the debt by 100%.
Palin always shows she’s smarter than Obama. But the talking points was how stupid she is and she’s not qualified to be president. The democrat “strategists” said it. The media repeated it. The REAL stupid people in this country believed it.