Secret Fed Document Reveal Obama Misled Congress, Public During Debt Limit Crises

Secret Fed Document Reveal Obama Misled Congress, Public During Debt Limit Crises

The Obama Administration has shown itself repeatedly to be dishonest and lawless over the last seven years as Obama led the nation into deep debt and fiscal irresponsibility. He has also worked hard to hide information about the economy and how to manage various payments during a potential government shutdown, according to a new report by the House Financial Services Committee.

The report suggests that Treasury Secretary Jack Jew and other Obama administration officials intentionally misled Congress and the American public during the federal budget and debt limit confrontations in 2011 and 2013, and the committee will begin a public hearing on the issue on February 2.

The report indicates that the administration made contingency plans to pay certain benefits such as Social Security and veterans along with principal and interest on the national debt if the government shutdown was realized and it was prevented from borrowing more money beyond the dept limit that was set at the time.

Presidents cannot spend beyond the debt ceiling set by Congress, and the committee is charging that the administration threatened the country's creditworthiness by claiming default was the only solution if the debt ceiling was not increased.

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