More lying and blocking from Obama

Discussion in 'Politics' started by Revmitchell, Feb 1, 2016.

  1. Revmitchell

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    Well-Known Member

    Feb 18, 2006
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    Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were “unworkable,” according to a new report by the House Financial Services Committee obtained by The Daily Caller News Foundation.

    The staff report, to be released Tuesday, charges that Lew and other Obama administration officials deliberately misled Congress and the public during the federal budget and debt limit showdowns in both years. The committee will convene a public hearing on the report Feb. 2.

    The report also states that the Obama administration crafted actual contingency plans to pay for Social Security and veterans benefits, as well as principal and interest on the national debt if the government was temporarily unable to borrow more money. The Committee concludes that over the last two years the Treasury Department has “obstructed” congressional efforts to get to the bottom of the administration’s real-time policy during the two showdowns.
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  2. poncho

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    Mar 30, 2004
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    The funny thing about all that is the federal government doesn't have to borrow any money at all. The constitution authorizes congress to print it's own money interest free.

    The rich ruleth over the poor, and the borrower is servant to the lender. Proverbs 22:7

    And the banksters want to keep it that way!

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