Tuesday, October 15, 2013

Lies about Debt Default

Open Email to House Speaker Boehner:

Dear Speaker Boehner,
    The Washington Times says, "Senate leaders explored the outlines of a deal Monday that would end the two-week-old government shutdown and give the Treasury Department enough borrowing room to stave off a potential default this month, but all sides cautioned that the specifics are all still up for negotiation".
    The question is who is doing the lying? Is it the Washington Times, the Senate mouthpieces, the Treasury Department, or all three?
    We have enough data on tax revenues and the amount of the payable bond interest to know that the interest can be easily paid. If it is not paid, it would be because of an option on the part of the Pres. Obama and his Administration. In other words any debt default on government issued securities would be caused by the President.
    Are you going to let these people get away with the basic lie that an extension of the debt limit is necessary to avoid default on interest payment of government issued securities or do you want to scream the truth?

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