Yet again obama proves he is either delusional or a pathological liar.

[Ricter]

Quote from fhl:

The US Treasury takes in enough money monthly from tax receipts that it would not have to miss any interest payments on debt if this thing stretches out.

The administration is saying they don't have the ability to prioritize payments by taking the cash from other things and making interest payments.

Members of previous administrations who have the ability to know if this is true or not say that it is not true. The treasury's money can be prioritized.

If a debt payment is not met, it's because the administration somehow feels they can blame the destruction of creditworthiness on the tea party.

Peter King and John Mccain probably hope that's what the administration does.

Diverting money from non-discretionary expenditures is illegal.

<img src="http://static3.businessinsider.com/image/5252d4e66bb3f78555fdcbbf-800-/cotd-56.jpg">

 

[Lucrum]

Quote from Ricter:

Diverting money from non-discretionary expenditures is illegal.

Being illegal never stopped Obongo before, why now?

Wouldn't interest on the national debt be a non-discretionary expenditure?

 

[TGregg]

Quote from CaptainObvious:

Issue after issue the left is winning and winning big. When you consider the whole point of radical leftism is to destroy our society, and you look and what these issues are doing to our society, the obvious conclusion is that the left is winning. I would say wake up America, but frankly it's too late. We went to sleep and were killed while dreaming of better days.

Some of us have been making that very point for years. Curious how PO'd the libtards are, given that they are winning. Maybe that's their cog dis, they are winning and their "utopia" that is sure to follow their ideas just ain't panning out.

 

[jem]

nothing stops the federal reserve from paying on our debts.

the fed will honor the spending because it does not want to lose its franchise to create money out of nothing.

last time there was a threat of a ceiling we heard about all these creative ways to keep paying past the deadline...

Quote from Ricter:

Diverting money from non-discretionary expenditures is illegal.

<img src="http://static3.businessinsider.com/image/5252d4e66bb3f78555fdcbbf-800-/cotd-56.jpg">

 

[fhl]

Quote from Ricter:

Diverting money from non-discretionary expenditures is illegal.
================================================



And because the huffington post says so you believe it? lol

Here's what the gov't says:

"The Government Accountability Office has said the Treasury secretary has the authority to prioritize payments. Former budget Director David Stockman says it can be done. Former Treasury Secretary Paul O'Neill tells me Treasury "could prioritize, and it's a lot easier today than when people were doing payrolls in advance.""

but here's the leftist administration and their lackey's spin:
"Treasury claims it can't prioritize payments because its data-processing systems are automated."

http://www.bloomberg.com/news/2013-10-07/don-t-blame-the-computers-for-a-default.html


i'd say nice try, ricter, but it was just leftist spin

 

[fhl]

Notice the date when Barry signed this pledge. And remember who was president then.

 

[Lucrum]

Quote from fhl:

Notice the date when Barry signed this pledge. And remember who was president then.

So president Barry-cade was opposed before he supported it.

The GOP should be running national ads with this.

 

[Ricter]

Quote from fhl:

Quote from Ricter:

Diverting money from non-discretionary expenditures is illegal.
================================================



And because the huffington post says so you believe it? lol

Here's what the gov't says:

"The Government Accountability Office has said the Treasury secretary has the authority to prioritize payments. Former budget Director David Stockman says it can be done. Former Treasury Secretary Paul O'Neill tells me Treasury "could prioritize, and it's a lot easier today than when people were doing payrolls in advance.""

but here's the leftist administration and their lackey's spin:
"Treasury claims it can't prioritize payments because its data-processing systems are automated."

http://www.bloomberg.com/news/2013-10-07/don-t-blame-the-computers-for-a-default.html


i'd say nice try, ricter, but it was just leftist spin

You believe the chart was produced by Huffpost?

 

[fhl]

Quote from Ricter:

You believe the chart was produced by Huffpost?

huffpost owns businessinsider and that's where you got the chart

any other questions

how can a chart refute that the gov't has already stated they can prioritize where they spend money anyway

 

[Ricter]

Quote from fhl:

huffpost owns businessinsider and that's where you got the chart

any other questions

how can a chart refute that the gov't has already stated they can prioritize where they spend money anyway

I displayed the chart here, so I made the chart?