Codger on Politics

Friday, October 04, 2013

It's a Lie, It's a Lie, and We Know It Isn't true

It's a Lie, It's a Lie, and We Know It Isn't true
The boy is crying "Wolf" again, why believe him this time

http://www.usatoday.com/story/opinion/2013/10/03/jack-lew-debt-limit-government-shutdown-obama-column/2918587/

"This is not a debate about reducing future spending or cutting the deficit. This is about making sure the United States can meet its existing obligations to our citizens, businesses and investors — and the stakes could not be higher.

If the United States cannot pay its bills in full and on time, each and every American will be affected, including seniors who rely on Social Security, veterans who depend on disability payments, children in need of food assistance, and doctors and hospitals who treat Medicare patients, among others.

The stock market, including investments in retirement accounts, could tumble, and it could become more expensive for Americans to buy a car, own a home and open a small business."

There are plenty of obstacles now to do either. The economy is a politically inflated bubble create by Jack Leu, and others. If it is not deflated now, the destruction will be much greater later. Also, the full faith and credit of the United States is only destroyed if Obama fails to pay his bills. Prioritizing the bills to favor those needed to be paid to retain the "full faith and credit", by statute or executive order, would let the government function as any company would do. They scale back other areas to retain the ability to pay the bills.

There are some payments which are being made under the radar. These need to stop. The keep the government from the flexibility needed.

The priority should be: obligations for loans outstanding, obligations as expressed in contracts to government vendors, with welfare being last since it is arguably harmful.



Dave Farnsworth

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