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.
More on page 2:
What do you expect for a LIAR??????????????
Will the President Make It 8-for-8? (Or 0-for-8, Really)
February 2, 2016 | Michael Shapiro | http://spkrryan.us/1nCJXIc
Next Tuesday, President Obama is expected to submit his final budget proposal to Congress. Last year’s edition got a grand total of one vote in the Senate, so expectations aren’t high in these parts. And in year eight, we know what kind of proposal we can expect: a bloated budget that grows the government.
But growing the government is not going to solve our problems. In fact, more government means less freedom, less opportunity, and less creativity. The proof is in the pudding: the pathetic 0.7 percent GDP growth from last quarter shows that President Obama’s tax-and-spend recovery plan is not working.
The president has already promised a lot, but where is this money coming from? If past is prologue, here are some answers:
•A Budget that Never Balances. While House Republicans have consistently passed budgets that balance within a matter of years—not decades—the president has never proposed a budget that balances. Ever. Will the president make it eight in a row?
•A Budget that Threatens Medicare and Social Security. We need to fix Medicare and Social Security to ensure they’re sustainable for many years to come, but the president refuses to acknowledge that they are on a fast track to bankruptcy. Will the president live in denial until the end?
•A Budget that Raises Taxes. In order to pay for all the new spending, the administration will once against propose higher taxes on millions of hardworking families and businesses. The timing could not be worse. Wages are stagnant, 46 million Americans are living in poverty, and just yesterday, for the first time ever, we surpassed $19 trillion in debt. The last thing we need right now is more taxes.
If the last seven years have taught us anything, it’s that we can expect more of the same: more spending, more debt, and more taxes that will dampen economic growth and burden future generations.
So sick of this idiot. Can not wait till his$#%&!@*is out of our White House.
What a pile of vile he is.
Congress will suffer in the incoming elections for not speaking out against obamas love for the enemy. In not killing them
Congress should IMPEACH.
IMPEACHED & EXECUTE!!!
Then why are we as Americans even voting either way it goes the polls a rigged and we’re going to be fucked no matter what, so with this being said we as Americans need to take our mother fucking country back and$#%&!@*s**t up in the process
Crook and traitor lying Muslim
No surprise there! Obama is a corrupt liar!!