Posted on 02/04/2016 10:13:17 AM PST by Citizen Zed
The Obama administration deliberately withheld information and kept Congress in the dark on how it was going to prioritize payments if the debt ceiling was not raised, according documents subpoenaed by the House Financial Services Committee.
The documents reveal that the Obama administration directed the Federal Reserve Bank of New York to prioritize Social Security, veterans' benefits, and principal and interest payments on the debt over other government obligations in the event that the debt ceiling was not raised.
While the administration was directing the New York Fed to prioritize payments, officials were telling the American people that prioritizing payments was "unworkable" and that they never made a decision to do so.
(Excerpt) Read more at freebeacon.com ...
They like being in the dark.
“They like being in the dark.”
EVERY member of the House is complicit with the Fraud’s “fundamental transformation” of America.
The EXEMPT GOP, complicit in EVERY single treason,
coverup, and fraud, was delighted for
the plausible deniability given by their King and Caliph.
Just more Obama babble.
Well I would imagine that a plan b must be planned in case. I am not so sure this is a big deal. And the debt limit was raised so moot.
I don’t see the hoopla either. If anything is outrageous, it’s how easily the debt ceiling is raised.
Beacon is just saying the Obama regime lied again. Their narrative at the time was that US would be in default if no increase in the debt limit and it was illegal to just pay interest and social security.
So you are correct no big deal. Just proof of another outrageous lie. Danfromsquirrelhill can throw it on the pile.
Maybe Obama did it just to give cover to John Boenher.
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