President Obama’s Consistent Lies About Debt Ceiling & Economics
Fact Check: Debt Ceiling Latest Presidential Hypocrisy
By Thomas Sowell
… Perhaps the biggest of the big lies is that the government will not be able to pay what it owes on the national debt, creating a danger of default. Tax money keeps coming into the Treasury during the shutdown, and it vastly exceeds the interest that has to be paid on the national debt.
Even if the debt ceiling is not lifted, that only means that government is not allowed to run up new debt. But that does not mean that it is unable to pay the interest on existing debt. None of this is rocket science. But unless the Republicans get their side of the story out — and articulation has never been their strong suit — the lies will win. More important, the whole country will lose.
Read the Rest @ Democrats Chose the Shutdown
Obama has called high debt “irresponsible” and “unpatriotic.”
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” — Barack Obama
“Rather than fight the same tired battles that have dominated Washington for decades, its time to try something new. Let’s invest in our people without leaving them a mountain of debt.” — President Barack Obama on his Office of Management and Budget website.
Disregard of economic reality disguised as “fairness”. People really have to see what happens when you let ideology run the show instead of reallity.
The latest Obama whopper….
President Barack Obama and his wife Michelle attended the Congressional Black Caucus Foundation Phoenix Awards Dinner at the Washington Convention Center Saturday night. While extolling the benefits of Obamacare less than 10 days before the opening of the new health insurance marketplaces, the president said that “you can offer your family the security of health care … for less than your cell phone bill.” The president was referring to a tweeted claim made earlier this week by Health and Human Services (HHS) Secretary Kathleen Sebelius that said, “Nearly 6 in 10 uninsured Americans will #GetCovered for less than $100/month starting Jan 1.” As noted at the time, Sebelius’s claim was based on a press release from HHS that said that six in ten uninsured “may be able to get coverage” for less than $100 per month, a claim that looked even more dubious under closer examination. According to a JD Power report in 2012, the average individual’s cellphone bill is $71 per month.
… REP. KEVIN McCARTHY, R-Calif.: “When we started this health care debate, the president led with a very big promise to the American people: If you like the health care that you have, that you currently have, you can keep it.” – At a Sept. 20 House Republican rally after passage of the bill that would finance the government on condition the health care law is starved of money. …
THE FACTS: McCarthy is correct, Obama said exactly that. It was an empty promise, made repeatedly. … Nothing in the health care law guarantees that people can keep the health insurance they already have. Costs can rise, benefits can change and employers can drop coverage.
Read the Rest @ AP Finally Fact-Checks ‘Slippery Claims’ on Obamacare,