With a government of liars on both sides of the aisle along with cowards and RINOs on the GOP side, I have to wonder: what would our level of debt look like if the GOP had refused to support these efforts to bury us in debt beginning years ago?
The GOP Establishment, of course, only cares about winning elections. And ultimately, they have no more of a problem stealing our money than the dems.
Locally, just look at Sen. Ann "Gas Tax" Rivers. Nationally, just look at our cardboard cutout of a Congresswoman, Jaime Herrera.
Neither one gave a damn or give a damn about drowning us in debt.
Their votes speak for themselves.
Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were “unworkable,” according to a new report by the House Financial Services Committee obtained by The Daily Caller News Foundation.
The staff report, to be released Tuesday, charges that Lew and other Obama administration officials deliberately misled Congress and the public during the federal budget and debt limit showdowns in both years. The committee will convene a public hearing on the report Feb. 2.
The report also states that the Obama administration crafted actual contingency plans to pay for Social Security and veterans benefits, as well as principal and interest on the national debt if the government was temporarily unable to borrow more money. The Committee concludes that over the last two years the Treasury Department has “obstructed” congressional efforts to get to the bottom of the administration’s real-time policy during the two showdowns.
The Constitution stipulates that only Congress can determine how much money the federal government can borrow. Presidents thus cannot unilaterally spend beyond congressional debt ceiling limits set. The committee — chaired by Republican Rep. Jeb Hensarling of Texas — charged that during both confrontations, the Obama administration held the country’s creditworthiness “hostage” by claiming default was the only possibility if the debit ceiling was not raised.
The GOP Establishment, of course, only cares about winning elections. And ultimately, they have no more of a problem stealing our money than the dems.
Locally, just look at Sen. Ann "Gas Tax" Rivers. Nationally, just look at our cardboard cutout of a Congresswoman, Jaime Herrera.
Neither one gave a damn or give a damn about drowning us in debt.
Their votes speak for themselves.
EXCLUSIVE: Secret Fed Docs Show Obama Misled Congress, Public During Debt Limit Crises
8:12 PM 01/31/2016
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| U.S. President Barack Obama in Omaha, Nebraska, January 13, 2016. REUTERS/Carlos Barria |
The staff report, to be released Tuesday, charges that Lew and other Obama administration officials deliberately misled Congress and the public during the federal budget and debt limit showdowns in both years. The committee will convene a public hearing on the report Feb. 2.
The report also states that the Obama administration crafted actual contingency plans to pay for Social Security and veterans benefits, as well as principal and interest on the national debt if the government was temporarily unable to borrow more money. The Committee concludes that over the last two years the Treasury Department has “obstructed” congressional efforts to get to the bottom of the administration’s real-time policy during the two showdowns.
The Constitution stipulates that only Congress can determine how much money the federal government can borrow. Presidents thus cannot unilaterally spend beyond congressional debt ceiling limits set. The committee — chaired by Republican Rep. Jeb Hensarling of Texas — charged that during both confrontations, the Obama administration held the country’s creditworthiness “hostage” by claiming default was the only possibility if the debit ceiling was not raised.
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