August 2nd as reliable as a Geithner tax return
Written by John Roberts   
Tuesday, 26 July 2011

As usual the spenders in D.C. are trying to take the American people for a ride, time to put them in their place with the embarassment they deserve.

Those Americans paying attention to the activities of our out of control government are being presented with a do or die scenario.  Remember in 2008, if we did not urge our congress members to pass the bank bailout then the world of everyday Americans would turn horribly for the worse.  Well, the banks have now made record profits and hold record cash reserves while the unemployed are losing their houses and family assets in record numbers. 

Let’s compare Obama's financial plan to someone's personal finances.  When you have $150,000 in credit card debt and you try to convince your family that if they will lend you another $25,000 to cover you for the next 18 months you will cut back on your spending by $30,000 over the next ten years they will laugh at you and cry.  This is exactly what is going on in Washington right now, those exact proportions, we owe $14.3 trillion, loan government $2.4 trillion to get us through the next 18 months and we’ll cut $2.7 triliion of what we plan to spend from the next TEN years!

It’s time to call the bluff in Washington D.C., August 2nd is a bogus date arbitrarily set by the biggest fraud to serve in the U.S government as a cabinet member in recent memory.  No U.S. Secretary of the Treasury can ever be accurate about the exact expenditures and revenues more than a few weeks in advance, Geithner picked the August 2nd date over three months ago.  Recent analysis by firms who make their living following the Treasury's finances have said that the government has now collected more revenue than previously estimated.  In fact some analysts say there would be no shortage of cash until September.  Even when there is a short fall in revenues that only means some vendors to the government may have to wait days or weeks later to receive their funds.  Oh and maybe the National Labor Relations Board might have to cut back on their activities trying to stop companies like Boeing from opening a new plant in So. Carolina instead of overseas!

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The American people need to see the phony accounting, scare tactics and continued overspending for what it is and how the media perpetuate the false information.  What answer will the lazy media reporters who keep repeating the false Obama/Geithner proclamation that the end comes Aug. 2 give if the House allows August 2nd to come and go without DEFAULT or panic in the markets.  I remind you that Japan and Canada both were downgraded in past years from AAA to AA, are they doing worse or better than the U.S. now?  So what if the U.S. debt is AA, what’s that mean, we’re still the best rated.  In October 2008 the U.S. debt stood at $9.9 trillion, if we follow Obama’s request the debt will be near a total $17.6 trillion by October 2012.  Would we be downgraded for that?  You bet.  Let August 2nd come and go before any deal on the debt limit, watch the media anchors try to explain why they scared grandma half to death and she still got her soc. sec. check.  Face the Aug. 2 deadline like Andrew Jackson’s rag tag PATRIOTS did against the British army outside New Orleans in 1815.  Face the overwhelming sea of RED and “don’t fire until you see the white in their eyes”.

Last Updated ( Tuesday, 26 July 2011 )