Posted on 10/10/2013 11:27:14 AM PDT by Kaslin
This administration is really beginning to get on my last nerve and I have about reached my limit. Every time I hear the insane rhetoric being spouted by the President, the Democrats and of course the lamestream media, with respect to the catastrophe that we all face over the debt ceiling and government shutdown, I want to scream.
The political posturing and game playing going on makes one want to scream “ENOUGH!” This has become a contest over how to annihilate the enemy, (Republicans) and gain political advantage in 2014. It has nothing to do with fixing the problems that we have, nothing to do with negotiations and deal-making and nothing to do with what is best for the American people. The galling thing about all of this is that Obama is depending on Americans to be brain-dead and ignorant about the realities of what a shut-down and default really mean.
He stands up and gives speeches about what horrible things face us. Economic disaster, recession, global meltdown, these are just a few of the bullet points he wants to sear into the brains of American people. He continues to make false statements about the reality of the situation. When October 17th comes and goes, we will not go into default. There is revenue coming in to the government every day and it can easily pay the interest on our debt. Plus, he can prioritize expenses and fund what he wishes to fund or not.
The other falsehood that he is hoping the American people buy is the fact that raising the debt ceiling doesn’t put us deeper into debt.
“So let me explain this. If Congress refuses to raise what’s called the debt ceiling, America would not be able to meet all of our financial obligations for the first time in 225 years.
And because it’s called raising the debt ceiling, I think a lot of Americans think it’s raising our debt. It is not raising our debt. This does not add a dime to our debt. It simply says you pay for what Congress has already authorized America to purchase.” Huh? If raising the debt ceiling doesn’t raise our debt, how did we get 17 trillion dollars in the hole?
Another fallacy is the doom and gloom scenario. He is still hoping that by saying things like this, people will believe him and turn on his opponents.
“Now the last time that the tea party Republicans flirted with the idea of default, two years ago, markets plunged, business and consumer confidence plunged, America’s credit rating was downgraded for the first time, and a decision to actually go through with it, to actually permit default, according to many CEOs and economists, would be — and I’m quoting here — “insane, catastrophic, chaos” — these are some of the more polite words.Warren Buffett likened default to a nuclear bomb, a weapon too horrible to use. It would disrupt markets, it would undermine the world’s confidence in America as the bedrock of the global economy, and it might permanently increase our borrowing costs which, of course, ironically would mean that it would be more expensive for us to service what debt we do have and it would add to our deficits and our debt, not decrease them.”
He is betting the farm that this fear-mongering will work, but maybe he better re-think it. With the nightmare stories coming out of Obamacare and the realities of that mess, people are taking a closer look at what he is saying. His words about “keeping your doctor”, “lower premiums” and “health care for all” are turning out to be huge lies and the shock of the truth is hitting people square in the face.
I’m sure he and his minions have a fail-safe plan just in case things start to go south. If the American people are not falling in line behind him then he will just have to inflict a little more pain to make them see the light.
I can just imagine the strategy sessions going on among the likes of Harry Reid and this administration when it comes to deciding what in the government to shut down or default on. Like a military battle, they are planning their attacks and deciding what will cause the maximum distress and the most pain for Americans. Just last week a Washington Park Service Ranger was quoted as saying, “We’ve been told to make life as difficult for people as we can, and it’s disgusting.”
Also, in some of his recent speeches it almost sounds like he wants the stock market to crash. If he continues “talking down” the markets that may end up being a reality.
The final straw for me came when military families of fallen soldiers were denied funding for the burials of their loved ones. Families are to receive a 100K death benefits package and they were denied because it was not specified in the bill passed by Republicans for other military benefits.
Usually President Obama is quick on the trigger in writing Executive Orders when he can’t get his way, but this time he was probably assuming that no one was paying attention to this military story, or that the media would tear out the throats of the GOP for this oversight, so he ignored it. Once it became a big deal, he pleaded ignorance and vowed to solve the problem.
However, Defense Secretary Chuck Hagel knew; and most likely so did Obama. They were just assuming things would go their way and damage would not touch them. It turned out that they did get blamed and they went into full fledged damage control.
So, maybe we aren’t as dumb as they think we are. Maybe that ignorance they are counting on is not going quite as well as they thought. I can only hope that Americans are starting to see the truth---it sure has taken long enough.
Should work. It’s what got him elected in the first place.
All liberal ideas require the dull to buy into them.
Gonna say - good strategy on his part.
Not an invalid assumption in the least.
the media , Obama and democrats(all these are registered democrats) keep crying about fake crises after fake crises. when will people see they are the boy who cried wolf?
Hold the line Republicans. keep the useless government shut down.
the way to limit government is to permanently cut their funding. the only tax allowed by any branch of government shall be a 10% sales tax divided by federal, state and local and that’s it. Federal 5%, state 3% , local 2%:. no income tax, no property taxes ever. no government regulations against businesses.
EVERYTHING about Obama has happened or continues to happen because of IGNORANCE in the electorate.
Ignorance is America’s Most Expensive Commodity.
It’s getting on my nerves too...more than it ever has in my life...except when bj klinton’s impeachment failed and stevie “soro” nobama was elected the second time!
Sorry I forgot to add when justice roberts was blackmailed or had a seizure and voted for onaziecare
That's a sound strategy, at least politically if not for the good of the country.
Government everywhere relies on the ignorance of its subjects.
The Republican strategy of a “temporary” increase in the debt ceiling is also a sound strategy based on the ignorance of the people. Once the debt ceiling is raised, it is raised.
In November, we can’t reduce the ceiling back to where is currently is.
After watching a few of the Mark Dice videos, I have no expectation of any intelligence in the American voters.
No kidding. My guess is that we'll wind up with a "bi-partisan compromise" consisting of:
1: Increased taxes, and
2: Increased debt ceiling, and
3. Amnesty for Illegals and a ban on flying the US flag.
Why the HE|| does our federal government have to borrow money to make the payments on the money they already borrowed?????
Calling Rick Santelli, would Rick Santelli please pick up the house phone?
Spot on article, and thanks for posting.
More than anything, the strategy of His Petulance relies on the economic ignorance of many Americans. If the debt ceiling is crossed, the government is instantly forced to balance the budget as it can no longer borrow above and beyond what it has already borrowed. That’s the good news. That bad news is that comes with some pain: if you stop 1/4 of government expenditures all of a sudden, it’s gonna leave a mark. Bet on it.
DEFAULT on the other hand is a red herring. As the author clearly indicates, there are sufficient revenues to cover interest payments. What this forces His Petulance to do is to prioritize. Manage. Spend within limits. All things he, and let’s be frank, most of the gop leadership, don’t want to do.
Hence the propaganda campaign.
P.S. If you want an indication of whether this is a threat, take a look at the markets. If apocalypse were truly around the corner, don’t you think the markets would be reacting?
The main reason I worry is if the debt ceiling is not raised I believe Obama will throw a temper tantrum of unimaginable stupidity and not pay interest payments out of spite. I think we could expect what he has done during this shutdown in spades- he would make it hurt as much as possible. I am convinced he does not care about this country and the people at all and would have a scorched earth policy in retaliation.
“I am convinced he does not care about this country and the people at all and would have a scorched earth policy in retaliation.”
That is a distinct possibility. I do not think it will happen, though, due to his bankster cronies: they aren’t going to cotton to having their assets rapidly depreciated because His Petulance wants to throw a snit. So it’s a gamble. A pretty good one in my view, but a gamble nonetheless.
FWIW it’s probably a non-issue anyway. The gop as per their normal script looks ready to cave. So we’ll not find out what really happens if the debt ceiling is crossed.
I caught a bit of Shep Smith’s touchscreen circus this afternoon and he was so scared of the debt ceiling ‘bomb’ that his face turned red and his mascara started to run. Somebody must be doing something right.
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