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Only the President of the United States, by purposeful Act, can put America into Default

“Default” Redefined

It’s been confusing, disingenuous, and most often used as an out-and-out lie, not just by Mr Obama, the Democrats, and the media, but even the lamentable Wendel Goler of Fox. But as Pilgrim pointed out here several days ago, only a fraction of the government’s revenues each month must go to paying our creditors, principally bond-holders such as China and Saudi Arabia.

If we don’t make those payments then, and only then do we go into default, and not even Obama could reduce American revenues by that much. (Although he is trying.)

Every use of the term “default” other than in that context is a fabrication and lie.

This especially refers to Mr Obama’s use of “default.” It is either based on misinformation, actual incompetence, or a lie.

What Obama refers to as “default” is when we reach our credit card limit, the bank won’t extend our credit any further and then we must turn back to our expense side, and look at 1) our spending habits, and 2) contracts we’ve already made based on the assumption the bank would extend our credit. Oops.

We can also increase our income, by taking a second job, moonlighting. But let’s assume we were forced to sign a contract with a third party accounting firm (the Republican House) so to insure we cannot increase our revenues by going out and holding up banks, stagecoaches, and innocent pedestrians. (For reasons we’re not yet sure why, there are tried and tested ways to increase revenues greatly…by adding new taxpayers and jobs…which Obama seems not to care about pursuing.)

In other words, the president wants to raise revenues by taking money from the job creators so he can hire new government employees, which depletes state coffers, instead of raising revenues by letting them keep more of their money to hire more private sector employees, which, in no time would have the treasury’s coffers running over with cash.

To the president “default” is having to choose, from those line items he contracted for in the past, (and I do mean him, not Bush, and not the Congress in 1936) as to which one to give preference to and pay. This is default-of-the heart.

As to possible cuts to correct this, Defense, social security, medicaid, veterans, are still on the table, while national parks, the polar bear exhibit at the Billings MT Zoo, the Department of Education, and those 429,000 new employees Obama hired since being in office are off.

There are two options about the how to go about curing “this” default;

1) let congress decide by coming up with a budget deal which they’ve been half-heartedly trying the past 6 months, and unlikely to succeed as they are worlds apart in worldview, philosophy, ethics,  even reserved seats in the Hereafter, i.e, the entire direction the country should be going in, free society or managed one

2) If they cannot decide, then, by operation of law it falls upon the president, through the Secretary of Treasury to make these choices unilaterally.

It is by forcing the president to make these choices and appear at least a year or two more mature than he did at his press conference yesterday, that Obama calls “default,” for he must make these choices out of his hip pocket.

Obama is being forced to “default” on his stated position of having his cake and eat it too.

Call CreditReport.com, Mr Obama. It not just the amount of the debt, but the stupidity of it that causes your Score to go from 770 to 590, or as Moody’s call it, “down the crapper”. That will be on your head, not the GOP.

In code, Option 2 really means, “Take it to the people, and let the People decide”. Quite frankly, Obama dreads this outcome far more than the GOP should.

Obama’s near Melt-down, Friday July 22

It was evident in the tremulous tone of his voice at the Friday afternoon presser to announce the breakdown of negotiations. He lied, and has already been called on it. Turns out he tried to crawdad a deal (move the goalposts…probably because his own party became undone as to its terms) that was already agreed on, which in turn, has exposed to not just the GOP team, but the nation at large, the kind of sniveling coward he is.

Along with welshing on a debt, this is the lowest form of human conduct.

And it is this fact, not numbers and pie charts, that will drive the rest of these negotiations.

Obama appeared yesterday as a child in front of a school guidance counselor, who only had to receive a simple prompt from the press for him to go on and on and on about how he had tried so hard, conceded everything but his wife’s good looks, but still they bullied him and walked away.

Last week, I wrote that it would only take one question from the press to make Obama come undone. Yesterday he almost did it all by himself.

It’s anyone’s guess as to how the next two weeks will work out, with or without Obama’s presence, but now as far as the GOP negotiations – the options are all theirs.

If need be, they can “call Obama’s bluff” and take it to the people with confidence.

vassarbushmills
Citizen With Bark On

8 COMMENTS

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8 COMMENTS

  1. There were so many lies he kept making during that presser that it was hard to keep track. It seems like if his lips were moving and words came out of his mouth, then most likely they were lies.

    You are so correct that America only goes into default by a purposeful action by the President. He knows history will remember this event as happening on HIS watch. History will not remember the Senate Majority leader or Speaker. The other event history will remember as happening on HIS watch is if S&P and Moodys downgrade the US credit rating. The Cut Cap and Balance bill passed by the House is one way to avoid a downgrade in the credit rating. Raising the debt ceiling with the McConnell plan will not spare the US from getting a downgrade in the credit rating.

  2. So at what point in time do the Medicos say “He has well and truly lost it. He is incapable in rationally preforming the duties required of the President of the United States.”

    I think that in order to be elected to certain offices, after being vetted for origin of course and the other Constitutional requirements are met, a full psychological evaluation is done.

    There are different degrees and nuances of crazy which we have been observing since the election.
    Unfortunately, Johnnie Smith wasn’t around to shake a certain Senator from Illinois hand prior to the election, there by putting a stop to the last 3 years outcome.

    As we all know who in their right mind would deliberately try to ruin a nation? He will be remembered as the President who caused the Holocaust of this nation.

  3. What we’ve got here is a rank and file, line in the sand moment. It has Obama on the edge of breakdown and Boehner – he’s been dragged to courage by the 75.

    Reid gave the American people the finger on Cut-Cap-Balance. That’s the line. If the GOP can hold it, the Donks are dead as a coon-skin hat.

  4. Your blood pressure must have been rising, Vassar, as it was for the rest of us yesterday.

    Default-of-the-heart Yes, that about sums it up. Once and for all, the people are seeing the real Barack Obama; an anti-American ideologue who will take the country down no matter what it takes. Another point, he won’t ever forget or forgive these cracks that have occurred in his suave veneer, so everyone should watch out for his vindictiveness. He is one angry man…

  5. Obama will do it if he can get away with it. Default, that is. He would do it out of spite. Lady Penguin has talked a lot about his pathology but, unfortunately, I lived with one, just like Obama, for 23 years. They’re capable of doing some really nasty things as long as the consequences don’t fall on them.

    More than likely, though, he’ll “pull a rabbit out of his hat” and everything will be just fine for another month, two months, or whatever he thinks will do him some good politically… as in he’s averted the crisis for a little while longer in spite of the Republicans. Geithner is his go to boy for that. The “crisis” keeps moving to facillitate whatever the left wants. Watch for it to move again if Obama doesn’t get what he wants.

    If the Republicans will just hold the line, sooner or later, Obama will have to deal with the consequences because even the tax dodger of a Sec. of Treasury can perform his sleight of hand for only so long.

    Will they? I don’t know. Maybe, but only if they see some political gain for themselves. It won’t be for us (we the people) except by convenience to them.

  1. There were so many lies he kept making during that presser that it was hard to keep track. It seems like if his lips were moving and words came out of his mouth, then most likely they were lies.

    You are so correct that America only goes into default by a purposeful action by the President. He knows history will remember this event as happening on HIS watch. History will not remember the Senate Majority leader or Speaker. The other event history will remember as happening on HIS watch is if S&P and Moodys downgrade the US credit rating. The Cut Cap and Balance bill passed by the House is one way to avoid a downgrade in the credit rating. Raising the debt ceiling with the McConnell plan will not spare the US from getting a downgrade in the credit rating.

  2. So at what point in time do the Medicos say “He has well and truly lost it. He is incapable in rationally preforming the duties required of the President of the United States.”

    I think that in order to be elected to certain offices, after being vetted for origin of course and the other Constitutional requirements are met, a full psychological evaluation is done.

    There are different degrees and nuances of crazy which we have been observing since the election.
    Unfortunately, Johnnie Smith wasn’t around to shake a certain Senator from Illinois hand prior to the election, there by putting a stop to the last 3 years outcome.

    As we all know who in their right mind would deliberately try to ruin a nation? He will be remembered as the President who caused the Holocaust of this nation.

  3. What we’ve got here is a rank and file, line in the sand moment. It has Obama on the edge of breakdown and Boehner – he’s been dragged to courage by the 75.

    Reid gave the American people the finger on Cut-Cap-Balance. That’s the line. If the GOP can hold it, the Donks are dead as a coon-skin hat.

  4. Your blood pressure must have been rising, Vassar, as it was for the rest of us yesterday.

    Default-of-the-heart Yes, that about sums it up. Once and for all, the people are seeing the real Barack Obama; an anti-American ideologue who will take the country down no matter what it takes. Another point, he won’t ever forget or forgive these cracks that have occurred in his suave veneer, so everyone should watch out for his vindictiveness. He is one angry man…

  5. Obama will do it if he can get away with it. Default, that is. He would do it out of spite. Lady Penguin has talked a lot about his pathology but, unfortunately, I lived with one, just like Obama, for 23 years. They’re capable of doing some really nasty things as long as the consequences don’t fall on them.

    More than likely, though, he’ll “pull a rabbit out of his hat” and everything will be just fine for another month, two months, or whatever he thinks will do him some good politically… as in he’s averted the crisis for a little while longer in spite of the Republicans. Geithner is his go to boy for that. The “crisis” keeps moving to facillitate whatever the left wants. Watch for it to move again if Obama doesn’t get what he wants.

    If the Republicans will just hold the line, sooner or later, Obama will have to deal with the consequences because even the tax dodger of a Sec. of Treasury can perform his sleight of hand for only so long.

    Will they? I don’t know. Maybe, but only if they see some political gain for themselves. It won’t be for us (we the people) except by convenience to them.

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