Worse than Obama lying: The media lying for him

[Jeebus]

The lie?

Here:

Failure to raise the debt limit would put the United States into a first-ever default, a step that Obama said could "blow up the economy."

Quite simply, the statement Pace wrote here is a lie. It is totally false. If Congress refusees to raise the debt limit, it will not force a default in any way. Since, as Rob points out, interest on the debt is only $20 billion a month, and we take in $200 billion a month, it would simply force the administration to decide how to allocate the $180 billion that would remain. We would have 10 times the money we need to make our debt service payments.

Instead, Obama runs to the media and insists that this perfectly reasonable condition is the equivalent of Republicans asking him to cut off his left hand - and they report the news in exact synchronization with his preferred narrative.

He lies. They lie. And now a whole lot of Americans think that we'll default if the debt ceiling isn't raised, because they read that in an AP story that didn't quote anyone or attribute the statement to anyone. It simply stated it as fact. Which it is most assuredly not.

[flyboy56]

Obama has the advantage with the mostly ignorant Americans living pay check to pay check who will sell their soul to the devil to keep the money coming in, and to hell with their children or grandchildren. Is this not the ultimate in selfishness?! Americans have been through tougher times, but todays Americans are way to soft to endure the hardships that will be coming when the government can no longer get a loan due to excessive debt.

[Spot72]

Obama has the advantage with the mostly ignorant Americans living pay check to pay check who will sell their soul to the devil to keep the money coming in, and to hell with their children or grandchildren. Is this not the ultimate in selfishness?!.

Not a clue of what you are speaking on, not one clue


That used to be all part of the political game that goes back a long way. But it was okay for the minority party to make a political vote when there was no danger of the debt ceiling not actually being raised. Using it as a bargaining chip is an entirely different game, and not a smart one. Those who prattle on about the national debt, annual deficit or "fiscal responsibility" have no idea whatsoever how the economy works. We have always borrowed. Much of our debt is owed through U.S. Treasury bonds. Interest on the debt is a small fraction of GNP, and the debt itself is small compared to what produce. Note that production has gone up along with debt; the ratios remain in our favor, which is why people around the world buy our bonds, despite the fact that interest rates on those bonds is now nearly zero.

The deficit, our yearly shortfall, directly resulted from two under- financed wars and the Bush tax cuts. The tax cuts are going and the wars will also soon be gone.

What the Republicans really want is to reduce the size of the federal government, especially entitlements such as Medicare and Social Security. They are holding the debt ceiling --our international financial credibility --hostage to their ideological agenda.

If the Republicans don't cease their blackmail -- and this includes you, Lindsay Graham, who are winning no votes by your pious whining on the Sunday talk shows -- I remember your hypocritical yawing during the Clinton impeachment, another Republican boondoggle -- the President should raise the debt ceiling via executive order. That is where he is heading and where he should go.

[soulflower]

Is Boehner lying for Obama too?

Boehner In 2011: Failure To Raise Debt Ceiling Would Cause Global ‘Financial Disaster’

http://thinkprogress.org/economy/201...ter/?mobile=nc

[Just Pondering]

Not a clue of what you are speaking on, not one clue


That used to be all part of the political game that goes back a long way. But it was okay for the minority party to make a political vote when there was no danger of the debt ceiling not actually being raised. Using it as a bargaining chip is an entirely different game, and not a smart one. Those who prattle on about the national debt, annual deficit or "fiscal responsibility" have no idea whatsoever how the economy works. We have always borrowed. Much of our debt is owed through U.S. Treasury bonds. Interest on the debt is a small fraction of GNP, and the debt itself is small compared to what produce. Note that production has gone up along with debt; the ratios remain in our favor, which is why people around the world buy our bonds, despite the fact that interest rates on those bonds is now nearly zero.

The deficit, our yearly shortfall, directly resulted from two under- financed wars and the Bush tax cuts. The tax cuts are going and the wars will also soon be gone.

What the Republicans really want is to reduce the size of the federal government, especially entitlements such as Medicare and Social Security. They are holding the debt ceiling --our international financial credibility --hostage to their ideological agenda.

If the Republicans don't cease their blackmail -- and this includes you, Lindsay Graham, who are winning no votes by your pious whining on the Sunday talk shows -- I remember your hypocritical yawing during the Clinton impeachment, another Republican boondoggle -- the President should raise the debt ceiling via executive order. That is where he is heading and where he should go.

Finish this sentence: Bigger government is a good thing because... ?

[AttackPlanR]

What does this have to do with those evil Muslims

[pickles]

Obama has the advantage with the mostly ignorant Americans living pay check to pay check who will sell their soul to the devil to keep the money coming in, and to hell with their children or grandchildren. Is this not the ultimate in selfishness?! Americans have been through tougher times, but todays Americans are way to soft to endure the hardships that will be coming when the government can no longer get a loan due to excessive debt.

So I take it you're going to start returning the pension checks you recieve from the government monthly in the name of our children and grandchildren?

Or are you just a giant hypocrite?

[flyboy56]

So I take it you're going to start returning the pension checks you recieve from the government monthly in the name of our children and grandchildren?

Or are you just a giant hypocrite?

My military pension is something I earned, and not something I was "entitled to" because someone else sacrificed their time for my benefit as in SS. But more importantly I started saving early in my career by deducting so much money from my paycheck which went directly to my bank. It is because of those savings that give me the greatest advantage today over most who did not plan for the future. The secret to success is work hard and SAVE.

[banner1124]

Is Boehner lying for Obama too?

Boehner In 2011: Failure To Raise Debt Ceiling Would Cause Global ‘Financial Disaster’

http://thinkprogress.org/economy/201...ter/?mobile=nc

Looks like you beat me to it soulflower... and yet another stupid Jeebus topic goes down in flames.

[songfourone]

My military pension is something I earned, and not something I was "entitled to" because someone else sacrificed their time for my benefit as in SS. But more importantly I started saving early in my career by deducting so much money from my paycheck which went directly to my bank. It is because of those savings that give me the greatest advantage today over most who did not plan for the future. The secret to success is work hard and SAVE.

Psst.....There have been many people that worked for a pension and lost it by the greed of a corporation. They earned theirs too.

[flyboy56]

Psst.....There have been many people that worked for a pension and lost it by the greed of a corporation. They earned theirs too.

And I'm sorry to hear that. And with the greed and incompetence of our government all who have earned a government pension could lose it as well. Blame the corporations and governments and not the pensioners.

[CajunRaven]

Psst.....There have been many people that worked for a pension and lost it by the greed of a corporation. They earned theirs too.

Indeed, I agree here.

In both cases, the government and business, the pensions are lost because of financial mismanagement and worse.

[Spot72]

Finish this sentence: Bigger government is a good thing because... ?

Only when they are not in full power is the "anti government" tune sung.
Name one "civilized society" that doesn't have a strong (and tax-funded) government structure. Really, just one. Not one of you would actually want to live in the kind of every-man-for-himself society that you idealize. And I bet you don't demean government employees as "bureaucrats" when you count on them to recall the stroller that killed your neighbor's child, or to make sure the pharmacy isn't selling you powdered glass, or that the plane you flew last week didn't slam into another plane, or that your grandmother got a hip replacement, or that a bomb didn't go off on the subway you took to work.

[flyboy56]

Only when they are not in full power is the "anti government" tune sung.
Name one "civilized society" that doesn't have a strong (and tax-funded) government structure. Really, just one. Not one of you would actually want to live in the kind of every-man-for-himself society that you idealize. And I bet you don't demean government employees as "bureaucrats" when you count on them to recall the stroller that killed your neighbor's child, or to make sure the pharmacy isn't selling you powdered glass, or that the plane you flew last week didn't slam into another plane, or that your grandmother got a hip replacement, or that a bomb didn't go off on the subway you took to work.

We are not talking no government, just smaller. Many of the jobs you mentioned could be done more efficiently by civilian companies contracted by the government. The private companies would be responsible for the employees pensions and benefits with the government paying an agreed amount to the company.

[Just Pondering]

Only when they are not in full power is the "anti government" tune sung.
Name one "civilized society" that doesn't have a strong (and tax-funded) government structure. Really, just one. Not one of you would actually want to live in the kind of every-man-for-himself society that you idealize. And I bet you don't demean government employees as "bureaucrats" when you count on them to recall the stroller that killed your neighbor's child, or to make sure the pharmacy isn't selling you powdered glass, or that the plane you flew last week didn't slam into another plane, or that your grandmother got a hip replacement, or that a bomb didn't go off on the subway you took to work.

The key word in my comment was "Bigger". Once a government entity is born, it's primary mission is to survive and grow. It doesn't matter how ineffective it becomes. It will always ask for more money, and will bend the truth about the importance of the work it's doing.

It's like having bamboo growing in the woods behind your house. Before you know it, your lawn has disappeared. In the case of government left unchecked, all your money has disappeared.