Effects of not raising debt ceiling and Obama's broken promises
American Thinker: The ‘Truth’ About the Consequences of Not Raising the Debt Ceiling?
http://katypundit.com/social/american-thinker-the-truth-about-the-consequences-of-not-raising-the-debt-ceiling/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+katypundit%2Fhfdn+%28Katy+Pundit%29&utm_content=Twitter
"But Secretary Geithner knows that congressional delay in raising the debt limit will in no way cause a default on our national debt. If Congress refuses to raise the debt ceiling, the federal government will still have more than enough money to fully service our debt. Next year, about 7 percent of all projected federal government expenditures will go to interest on our debt. Tax revenue is projected to cover at least 70 percent of all government expenditures. So, under any circumstances, there will be plenty of money to pay our creditors.
Moreover, as the Congressional Research Service has noted, the Treasury secretary himself has the discretion to decide which bills to pay first in the event that a cash flow shortage occurs. Thus, it is he who would have to consciously, and needlessly, choose to default on our debt if the debt ceiling is not promptly raised upon reaching it. It takes a lot of chutzpah to preemptively blame congressional Republicans for a default only he could cause."
American Thinker: Does Obama Tell the Truth About Anything?
April 13, 2011 Ed Lasky
http://katypundit.com/social/american-thinker-does-obama-tell-the-truth-about-anything/
"Here is a reminder of yet another Obama campaign promise unfulfilled. His administration would be the most transparent in history, Obama vowed, but a new study by the Center for Public Integrity finds that the White House has been omitting names and details from the visitors’ log.
“Five junior staff aides together received more than 4,440 visits,” Politico reported. “By contrast, then-chief of staff Rahm Emanuel famed for his workaholic schedule, is listed as having fewer than 500 visits.”
Meanwhile, Obama’s personal assistant Reggie Love is recorded as receiving nearly 300 visits in the West Wing-including celebrities and friends of Obama’s.
The study also found that less than 1 percent of roughly 500,000 visits during Obama’s first eight months in office have been disclosed.
The main problem with the shoddy visitors’ log is that it obscures key details of meetings with relevant political figures. AFL-CIO head Richard Trumka, Obama campaign bundlers, lobbyists, and drug company CEOs regularly visit the White House. But the logs often don’t explain the purpose of the visits, or who the meetings were with.
The Obama administration claims that it has “taken unprecedented steps to increase transparency by releasing visitor records from the system each month.” But releasing the records matters very little if the information is absent or clouded with inaccuracies."
"Only later did we discover - through outside investigators‘ efforts - that these key officials were circumventing the new “policy” by meeting with lobbyists across the street from the White House at Caribou Coffee, as well as other spots so that their meetings would not show up on the logs."
"Needless to say, debates over ObamaCare were not broadcast on C-SPAN as was also promised. Bills were not posted on-line for five days before they were voted upon to allow citizen comment and time for politicians to read. As National Review’s Jim Geraghty has observed, all of Obama’s promises have an expiration date (and back in March of last year, he posted a partial listing of these expired promises). Time for an update, Mr. Geraghty.
One could go on and on regarding fibs about his budget, ObamaCare, and much else.
Louis Brandeis famously said that “sunlight is the best disinfectant”. When combined with the administration’s politically-motivated filtering of Freedom of Information requests (and the White House’s refusal to release information that is the subject of the FOI requests), there does not seem to be much disinfecting - or change - going on during the Obama era."
http://katypundit.com/social/american-thinker-the-truth-about-the-consequences-of-not-raising-the-debt-ceiling/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+katypundit%2Fhfdn+%28Katy+Pundit%29&utm_content=Twitter
"But Secretary Geithner knows that congressional delay in raising the debt limit will in no way cause a default on our national debt. If Congress refuses to raise the debt ceiling, the federal government will still have more than enough money to fully service our debt. Next year, about 7 percent of all projected federal government expenditures will go to interest on our debt. Tax revenue is projected to cover at least 70 percent of all government expenditures. So, under any circumstances, there will be plenty of money to pay our creditors.
Moreover, as the Congressional Research Service has noted, the Treasury secretary himself has the discretion to decide which bills to pay first in the event that a cash flow shortage occurs. Thus, it is he who would have to consciously, and needlessly, choose to default on our debt if the debt ceiling is not promptly raised upon reaching it. It takes a lot of chutzpah to preemptively blame congressional Republicans for a default only he could cause."
American Thinker: Does Obama Tell the Truth About Anything?
April 13, 2011 Ed Lasky
http://katypundit.com/social/american-thinker-does-obama-tell-the-truth-about-anything/
"Here is a reminder of yet another Obama campaign promise unfulfilled. His administration would be the most transparent in history, Obama vowed, but a new study by the Center for Public Integrity finds that the White House has been omitting names and details from the visitors’ log.
“Five junior staff aides together received more than 4,440 visits,” Politico reported. “By contrast, then-chief of staff Rahm Emanuel famed for his workaholic schedule, is listed as having fewer than 500 visits.”
Meanwhile, Obama’s personal assistant Reggie Love is recorded as receiving nearly 300 visits in the West Wing-including celebrities and friends of Obama’s.
The study also found that less than 1 percent of roughly 500,000 visits during Obama’s first eight months in office have been disclosed.
The main problem with the shoddy visitors’ log is that it obscures key details of meetings with relevant political figures. AFL-CIO head Richard Trumka, Obama campaign bundlers, lobbyists, and drug company CEOs regularly visit the White House. But the logs often don’t explain the purpose of the visits, or who the meetings were with.
The Obama administration claims that it has “taken unprecedented steps to increase transparency by releasing visitor records from the system each month.” But releasing the records matters very little if the information is absent or clouded with inaccuracies."
"Only later did we discover - through outside investigators‘ efforts - that these key officials were circumventing the new “policy” by meeting with lobbyists across the street from the White House at Caribou Coffee, as well as other spots so that their meetings would not show up on the logs."
"Needless to say, debates over ObamaCare were not broadcast on C-SPAN as was also promised. Bills were not posted on-line for five days before they were voted upon to allow citizen comment and time for politicians to read. As National Review’s Jim Geraghty has observed, all of Obama’s promises have an expiration date (and back in March of last year, he posted a partial listing of these expired promises). Time for an update, Mr. Geraghty.
One could go on and on regarding fibs about his budget, ObamaCare, and much else.
Louis Brandeis famously said that “sunlight is the best disinfectant”. When combined with the administration’s politically-motivated filtering of Freedom of Information requests (and the White House’s refusal to release information that is the subject of the FOI requests), there does not seem to be much disinfecting - or change - going on during the Obama era."