The United States is in major financial chaos and suffering from failed leadership. The word in Washington from top policy-makers is the lack of any new adjustments to the debt ceiling while allowing it to be raised along with the overall capitulation of the opposition party will lead to consequences many have feared coming for years.
The lack of GOP leadership has a big part in the blame game, but it is commonplace knowledge the president resorted to a biased mainstream media to convey deliberate falsehoods to the American people for political gain at the expense of American democracy.
Here is a list of misinformation and outright falsehoods the past few months:
- President Obama blamed the Republican House for the government shutdown and defying what he claims was his "mandate victory" in 2012
- The $17 trillion national debt has now been raised with the government spending far more than is coming in through taxes.
- The president's love affair with the press has made it almost impossible to educated the American public to the actual constitutional obligations of Congress. Revenue bills originate in the House, not from the Executive Branch.
- The reasons the Founding Fathers made this balance of power between the branches of government was The House was viewed as being closer to the average American through 425 representatives.
- In 2012, the American people elected a majority of lawmakers who promised to cut the deficit and reduce spending.
- Obama's victory in the 2012 presidential election in no way provided voter support for his signature legislation - The Affordable Care Act (Obamacare). In fact, the majority of Americans dislike the law and want it revised or repealed.
- Each month the government collects $250 billion in taxes, and if the Congress decided not to raise the debt ceiling, Treasury Secretary Lew would have adequate resources to pay the $23 billion in interest to the public had the government shutdown continued. The media was virtually silent on this fact.
- If the House judges the resulting accumulation of $65 billion monthly in new debt (as it is presently) to be extravagant, the president has a constitutional duty to negotiate with the House. "Demanding" to spend as he pleases is not an option.
- Fear in financial markets was a major strategy before and during the government shutdown. It was falsely stated by Secretary Lew (partisan) and others that the United States must default if Congress fails to raise the debt ceiling. Blatantly untrue as they all well knew.
- The ongoing political rhetoric by the White House with their constant doomsday predictions unless they have their way severely damages the country's image as inept, weak and irresponsible.
- The president's government shutdown "victory" signals nothing more than accelerated deception and demagoguery. The American people voted for reduced spending and a decrease in the national debt - not political grandstanding at the expense of the Constitution and the United State's standing in the world community.
In the end, what all this fuss has been about will inevitably be resolved with a cooling-off period for Obamacare.
Either that happens or the doomsayers will be right.
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