Wednesday, May 22, 2013

DEBT CEILING REACHED: MOODY’S TREATENS ANOTHER DOWNGRADE



Mired in scandals, the Administration has allowed the U.S. temporary suspension of the debt ceiling to expire, meaning we are now technically out of money.  Treasury Secretary Jack Lew cautions that Washington probably can last until sometime after Labor Day, and: "Congress should act sooner rather than later to protect America's good credit and avoid the potentially catastrophic consequences of failing to act until it is too late." 

COMMENTS:
The silver lining in all of this is that for now, gun control is taking a back seat to more pressing matters.  I’m sure Obama wants Congress to rush through a new budget compatible with his insatiable desire to spend, spend, spend; I think we could make substantial progress by simply cutting funding for ObamaCare. 

TODAY’S QUERIES & ANSWERS:
Q. Does the I.R.S. scandal lead into the White House and Obama?  (Jan ~ La Junta, CO)
A. We now know that top-level White House officials including the Chief of Staff, were aware of the then pending disclosures about the wrong-doing; How Obama could be surrounded by people who knew and not know himself requires a stretch of the imagination.  While no one knows for sure yet, the day before the targeting of conservative groups began, (March 31, 2010), Colleen Kelley, President of the National Treasury Employees Union, had a meeting with President Obama, according to White House logs.  In fact, she has been an attendee at several White House meetings which are “not described.”  The White House is taking steps to try and isolate the union from investigation. 

Q. If Obama knew and said that it was a terrorist attack at Benghazi from day one, why did he fly to Vegas and just where was he that night?  (Edgardo ~ Albany, CA)
A. According to Senior White House Adviser Dan Pfeiffer, the answers to those questions are “irrelevant” and none of our business.  Obama himself said, shortly after he released 100 emails to the Congressional committee investigating Benghazi, that that should be the end of it.  Of course, Congress wants its hands on another 25,000 or so relative documents that the White House is refusing to release.  One thing I have learned in conducting my own investigations into things during my lifetime is that the more someone resists an investigation, the bigger the issue really is.  Bob Woodward, one of the reporters who broke the Watergate story, is of the same opinion and says: “I would not dismiss Benghazi. It's a very serious issue."

Q. I’ve heard from several sources that the A.P. story goes much deeper and that the Obama Administration is “terrified” about something.  Can you elaborate?  (Gloria ~ Denver, CO)
A. Not really.  My suspicions are that it has to do with White House control over the press and media and that blackmail is involved.  Whatever the situation is, you can now bet your sweet bippies that the Associated Press is hot on the trail.    

TODAY’S QUOTE:
“I never make the mistake of arguing with people for whose opinions I have no respect.” ~ Gibbon

TODAY’S VIDEO:

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