On Jul 23, 8:48*am, Clitteigh wrote:
ISN'T IT OBVIOUS to all but you brainless racists among us that the
"Boehner Plan" is aimed squarely at making Obama the first president
to preside over a U.S. DEFAULT?

Such a tag would ensure our president would be a one-termer, a wish
that has been propounded publicly numerous times by the likes of Mitch
"Where's My Chin?" McConnell and others.

But, since the Boehner Boys are acting very un-Americanlike, truly
enemies of the people and their nation -- aren't there "methods" for
dealing with such traitorism?

Jim Rogers: US to Default 'One Way or Another' as Debt Talks a 'Sham'
Tuesday, 12 Jul 2011 11:37 AM
By Forrest Jones, MoneyNews.com

The United States is going to "default one way or the other" and talks
between Republican and Democratic leaders to lift the debt ceiling are
"a sham" that won't do anything to prevent it, says international
investor Jim Rogers.

Lawmakers will probably find a way to lift the $14.3 trillion debt
ceiling, which the government says has to happen by Aug. 2, but gaping
deficits have and will inflict enough damage to the dollar that a
default is unavoidable.

Plus the debate will resume shortly after Aug. 2 anyway, as the
government will quickly spend beyond its means again.

"It might be good for the world if the United States closed down for a
while, but I can’t see that happening," Rogers tells Fox Business.

"Something will happen, things will look better, but then in six
months or a year, things will be worse again."
....
-30-
http://www.moneynews.com/StreetTalk/...7/12/id/403311

Meanwhile, Senate Majority Leader Harry Reid (D-NV) takes definitive
action:

Senate rejects House GOP budget-cutting plan
By JIM KUHNHENN - Associated Press | AP – 19 hrs ago

WASHINGTON (AP) — President Barack Obama and House Speaker John
Boehner searched on Friday for an elusive debt-limit compromise as the
Senate rejected a House plan containing deep spending cuts and for the
moment put aside a last-ditch fallback option.

The 51-46 party-line Senate vote, and a decision by Senate Majority
Leader Harry Reid, D-Nev., to cancel weekend Senate sessions, left
unresolved the urgent issue of how to lift the nation's borrowing
powers to avoid a first-ever U.S. default on Aug. 3.
....
http://news.yahoo.com/senate-rejects...144847286.html

The Default Lie Continues

It never stops — the lies of the left.

Yesterday at his press conference, President 0bama stood in front of
the press and the nation and repeated the lie that increasing the debt
limit means defaulting on our national debt.

“By August 2nd, we run out of tools to make sure that all our bills
are paid. So that is a hard deadline. And I want everybody to
understand that this is a jobs issue. This is not an abstraction. If
the United States government, for the first time, cannot pay its
bills, if it defaults, then the consequences for the U.S. economy will
be significant and unpredictable. And that is not a good thing..”

“We don’t know how capital markets will react. But if capital markets
suddenly decide, you know what, the U.S. government doesn’t pay its
bills, so we’re going to start pulling our money out, and the U.S.
Treasury has to start to raise interest rates in order to attract more
money to pay off our bills, that means higher interest rates for
businesses; that means higher interest rates for consumers. So all
the headwinds that we’re already experiencing in terms of the recovery
will get worse.”

Uh, no. If we don’t pay our debts, then the people lending us the
money will stop lending us money, or charge us a much higher price for
it. But hitting the debt limit will not force a default any more than
a person who has maxed out his credit cards will default on them if
the bank doesn’t raise his credit limit.

President 0bama goes on to address this point with another bald-faced
lie. (Is that why politicians don’t have beards, because then their
lies would not be bald-faced? But I digress.)

“Point number two, I want to address what I’ve been hearing from some
quarters, which is, well, maybe this debt limit thing is not really
that serious; we can just pay interest on the debt. This idea has
been floating around in some Republican circles.This is the equivalent
of me saying, you know what, I will choose to pay my mortgage, but I’m
not going to pay my car note. Or I’m going to pay my car note but I’m
not going to pay my student loan. Now, a lot of people in really
tough situations are having to make those tough decisions. But for
the U.S. government to start picking and choosing like that is not
going to inspire a lot of confidence.”

“Moreover, which bills are we going to decide to pay? These guys have
said, well, maybe we just pay the interest on — for bondholders. So
are we really going to start paying interest to Chinese who hold
treasuries and we’re not going to pay folks their Social Security
checks? Or we’re not going to pay to veterans for their disability
checks? I mean, which bills, which obligations, are we going to say
we don’t have to pay?.”

Bills are not obligations. Obligations are those things that one has
to pay to avoid being in default. Mortgages, car loans, and student
loans are debts. Things like next month’s bills — cable, trash, water,
power — are not obligations. If you cannot afford them, cancel them
or reduce your usage to lower your costs. He gives more bad examples
to reinforce the lie:

“And last point I want to make about this. These are bills that
Congress ran up. The money has been spent. The obligations have been
made. So this isn’t a situation — I think the American people have to
understand this — this is not a situation where Congress is going to
say, okay, we won’t — we won’t buy this car or we won’t take this
vacation. They took the vacation. They bought the car. And now
they’re saying maybe we don’t have to pay, or we don’t have to pay as
fast as we said we were going to, or — that’s not how responsible
families act. And we’re the greatest nation on Earth, and we can’t
act that way.”

Congress has not already spent the money on Medicare, Medicaid, Social
Security, Unemployment Insurance, defense, courts, etc. Congress has
promised to spend that money, but it is under no obligation to do so.
If we hit the debt ceiling, the Treasury Secretary decides which bills
to pay first. If the nation’s top tax cheat chooses not to make our
debt payments, then we will default on our national debt and our
Treasury Secretary will be solely to blame for the default. Congress
should immediately pass a bill requiring that our debt obligations be
paid first.

Then what? 0bama does have a point that we need to make choices.
Well, that choice is actually quite simple — pay what we are
contracted to pay. Contracts, like debt payments, are obligations.
Defense contracts are — until the contract expires. Employee salaries
(including soldiers, sailors, airmen, and marines) are — up until the
employee’s contract is terminated. Social welfare payments, however,
are not contracts.
-30-
http://novatownhall.com/2011/06/30/t...lie-continues/

"The budget should be balanced, the Treasury should be refilled,
public debt should be reduced, the arrogance of officialdom should
be tempered and controlled, and the assistance to foreign lands
should be curtailed lest Rome become bankrupt. People must again
learn to work, instead of living on public assistance."
-- Cicero, 55 BC

"The one thing that's being pushed in this country, is the motto:
`The harder I work, the more I owe society.
The less I work, the more society owes me.'
We can't be a great country with that motto."
-- Charles Payne