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Debates Forum

  1. 02 Feb '16 15:26 / 2 edits
    http://www.breitbart.com/big-government/2016/02/01/probe-finds-obama-admin-treasury-dept-misled-nation-on-public-debt-limit-plan/



    Republican members of the House Financial Services Committee determined that the Department of the Treasury and the Obama administration misled the American people on its plans to deal with the risks to the debt ceiling.

    According to The Hill newspaper, the committee learned, in documents subpoenaed from the administration, that the Treasury Department had consulted with Federal Reserve officials about prioritizing payments and deliberately worked to keep lawmakers in the dark despite saying publicly such a plan would be unworkable.

    One communication from the Federal Reserve was especially damning, saying, “Treasury wants to maximize pressure on Congress by limiting communications about contingency planning.”

    The congressional investigation found the Fed and Treasury ran scenarios to come up with a payment plan if the debt ceiling prevented the nation from borrowing more funds.

    “These internal documents show the Obama Administration took the nation’s creditworthiness and economy hostage in a cynical attempt to create a crisis so the President could get what he wanted during negotiations over the debt ceiling,” House Financial Services Chairman Rep. Jeb Hensarling (R-TX) said.

    “The Administration owes it to the American people to be honest and transparent about its debt ceiling contingency plans,” the Congressman added.

    The Dept. of Treasury dismissed the charges of wrongdoing, saying they have been forced to consider “how it would operate in the unthinkable event that Congress fails to raise the debt limit,”

    The Treasury spokesman went on to insist that delaying payments would “still be default” regardless.

    The investigation also discovered that some members of the Fed were concerned Treasury was pursuing a single-minded solution instead of considering a wider range of options. In the communications, one Fed employee said Treasury’s approach was “crazy, counter-productive, and add[ing] risk to an already risky situation.”

    Even as the Obama administration seems to want to make matters out to be dire and to cause a panic as early as possible, Republican policies featured prioritization plans, insisting the government brings in plenty enough revenue to keep up with critical programs like interest on government debt and payments to Social Security.

    Thus far, contingency plans have not been put to the test, as Congress and the president have time and again reached a deal to raise the debt ceiling.

    But the constant raises in the borrowing limits have come at a cost, especially for the Republican Party. In October of 2015, for instance, when the Republican House leadership joined with Obama to raise the debt ceiling once again, many accused then Speaker John Boehner of breaking yet another promise. The constant pressures on Boehner led him to resign shortly afterward.

    During the same deal, Kentucky Sen. Rand Paul (R-KY) famously launched a filibuster of the policy giving him a major issue going into the primary season then just starting.
  2. 02 Feb '16 15:33 / 2 edits
    So what will happen to those hopelessly corrupt officials responsible? You guessed, it the same thing that will happen to Hillary for breaking the laws regarding her e-mails.

    Nothing.

    I know, let's empower government more!!

    Yay team socialists!
  3. 02 Feb '16 16:05
    Republicans say the Obama administration did something wrong? Say it ain't true!
  4. Standard member vivify
    rain
    02 Feb '16 16:06
    In your own words, what SPECIFICALLY did Obama "lie" about?
  5. 02 Feb '16 16:15
    Originally posted by vivify
    In your own words, what SPECIFICALLY did Obama "lie" about?
    Never going by the name Barry Soetoro?
  6. 02 Feb '16 16:52
    Originally posted by vivify
    In your own words, what SPECIFICALLY did Obama "lie" about?
    “These internal documents show the Obama Administration took the nation’s creditworthiness and economy hostage in a cynical attempt to create a crisis so the President could get what he wanted during negotiations over the debt ceiling,”
  7. 02 Feb '16 16:56
    Originally posted by vivify
    In your own words, what SPECIFICALLY did Obama "lie" about?
    If you like your insurance, you can keep your insurance?
  8. 02 Feb '16 18:20
    Originally posted by joe beyser
    If you like your insurance, you can keep your insurance?
    Health care will be available and affordable to everyone.
  9. 02 Feb '16 19:01
    I will have a transparent administration LOLOLOL
  10. Subscriber no1marauder
    It's Nice to Be Nice
    02 Feb '16 19:02
    Originally posted by whodey
    “These internal documents show the Obama Administration took the nation’s creditworthiness and economy hostage in a cynical attempt to create a crisis so the President could get what he wanted during negotiations over the debt ceiling,”
    How did they do that while AT THE SAME TIME "keep lawmakers in the dark"? Normally if you're going to use something as leverage in negotiations, the other side has to be aware of what it is.

    It looks like they did nothing more than make contingency plans for what to do if the debt ceiling wasn't raised. That isn't "lying" or a crime.
  11. 02 Feb '16 19:18
    Originally posted by no1marauder
    How did they do that while AT THE SAME TIME "keep lawmakers in the dark"? Normally if you're going to use something as leverage in negotiations, the other side has to be aware of what it is.

    It looks like they did nothing more than make contingency plans for what to do if the debt ceiling wasn't raised. That isn't "lying" or a crime.
    Perhaps lack of transparency, or honesty.
  12. Standard member vivify
    rain
    02 Feb '16 20:04
    Originally posted by whodey
    “These internal documents show the Obama Administration took the nation’s creditworthiness and economy hostage in a cynical attempt to create a crisis so the President could get what he wanted during negotiations over the debt ceiling,”
    What specifically was lied about? Claiming our creditworthiness was "taken hostage" is rather vague, isn't?

    Now you see why said "in your own words". It's easy to hide behind text of a random internet source with urgent-sounding language designed to pander to conservative readers.
  13. 02 Feb '16 20:40
    Originally posted by vivify
    What specifically was lied about? Claiming our creditworthiness was "taken hostage" is rather vague, isn't?

    Now you see why said "in your own words". It's easy to hide behind text of a random internet source with urgent-sounding language designed to pander to conservative readers.
    http://www.discoverthenetworks.org/viewSubCategory.asp?id=1642

    This lists a bunch of specific lies.
  14. Standard member vivify
    rain
    02 Feb '16 22:29
    Originally posted by joe beyser
    http://www.discoverthenetworks.org/viewSubCategory.asp?id=1642

    This lists a bunch of specific lies.
    So your reply to whodey hiding behind other people's words rather than make specific arguments, is to post other people's words rather than a specific argument?
  15. 03 Feb '16 03:20
    Originally posted by vivify
    So your reply to whodey hiding behind other people's words rather than make specific arguments, is to post other people's words rather than a specific argument?
    You asked what did Obama lie about. Rather than type it into a search engine you asked about it. I took the work out of it for you and there you go. No need to thank me.