By Michael Master

www.saveamericanow.us.com

It is obvious from most statements and articles that the Treasury Dept and the Fed do not really know what will happen if the debt limit is not raised. Government officials can only say: “do you really want to take that risk?”

Moody and the other rating organizations say that USA debt instruments will be downgraded if government spending is not cut immediately even if the debt limit is raised. According to HuffPost AOL News of July 21, 2011, the Treasury and the Fed already have contingency plans so that life will continue as usual. Philadelphia Federal Reserve Bank President Charles Plosser said that the Fed and the Treasury have been planning for months how to handle the situation so the American economy is not interrupted.

What the Fed and the Treasury do know is that the government will be able to pay most of its bills because it has an ongoing income of revenue every day from tax receipts. They also know that the government will have to prioritize what bills will get paid and what ones will not. And they know that the government will have to immediately cut back on its spending which will be good news to the rating services that might actually help increase the ratings of government securities.

Social Security checks will go out on time … not late as Obama tried to scare us. Medicare will be paid on time. And the military will get paid on time.

So maybe government workers will have to take a pay cut. That is OK since government workers already make 30% more than their counterparts in the private sector according to USA Today, which is part of the reason why the USA has a debt limit problem. Maybe marginal programs and payments to foreign governments will have to get cut. Maybe Obamacare will have to be repealed. Maybe the Department of Education and the EPA will have to cut back. Maybe the USA will have to get out of Libya and Afghanistan. Maybe NPR and Planned Parenthood will no longer get any money from the government.

Maybe these are the reasons why Obama is so worried about not getting the debt limit increased. His programs might get cut.

Obama increased spending by $700 billion per year (27%). So why is it so bad to cut back on spending the same as it was increased? Maybe the only way to get the government to cut spending is to take away its credit card.

It sounds to me like those Congressmen who want to raise the debt limit without cutting spending immediately are probably afraid that spending on their pet projects and pet lobbyists will get cut. It sounds like those businesses who want the debt limit raised are afraid that they might not get any more money from the government tit if it is not.

To me, it also sounds like not raising the debt limit might just be a good thing. Certainly, there will not be any gloom and doom. As said by Rahm Emmanuel: “never waste a crisis.” Maybe the USA will benefit more by not increasing the debt limit. Maybe that is the only way to cut government spending.

Obama said to Boehner and Cantor, “don’t call my bluff.” Well, maybe it is time to call his bluff. He isn’t holding anything in his cards. Since the Fed and the Treasury have already planned for the worst and say things will be OK, call Obama’s bluff. Cap the debt limit and do not raise it.

Michael Master is the author of “Save America Now!” It can be ordered at http://www.amazon.com/gp/product/1616235756

Hon. James David Manning, PhD speaks about the conservative colt. Recorded on 14 July 2011.

Dr. James David Manning talks about the debt ceiling. Recorded on 14 July 2011, For More Info Go To: http://atlahmedianetwork.org or http://atlah.org

Dr. James David Manning outlines the 9 charges against Obama. The Obama Birth Certificate Forgery Trial will happen on 24 October 2011 at ATLAH World Missionary Church. Recorded on 13 July 2011.

2012 candidates for president and media commentators are crazy to think Obama will be defeated in 2012 unless they address the birth certificate issue. Recorded on 11 July 2011. For More Info: http://atlahmedianetwork.org or http://atlah.org

Truth for President, Justice for Vice President Recorded on 8 July 2011. For More Info Got To: http://atlahmedianetwork.org or http://atlah.org

FOR DUMMIES® is a registered trademark of Wiley Publishing, Inc.

This video explains everything you need to know about “natural born Citizen.” Through the research of Mario Apuzzo and Leo Donofrio, we can conclude that there is Supreme Court precedent regarding the definition of “natural born Citizen” in Minor v. Happersett (1875). That precedent is NOT affected by the 14th Amendment or by any other case law, including U.S. v. Wong Kim Ark. Visit http://www.deanhaskins.wordpress.com

White House shows early signs of re-election panic

By Dr. Milton R. Wolf

The Washington Times

7:19 p.m., Wednesday, July 6, 2011

Something unexpected happened along the president’s breezy cruise to re-election. “No drama” Obama is suddenly looking about as calm as Jerry Lewis in a French film, about as brave as Ted Kennedy after an evening drive through Chappaquiddick. Witness Team Obama’s recent panicky behavior.

Obamanomics anxiety. The White House is reeling as its reverse Midas touch to the economy is being exposed. Its own economists acknowledge now that each job created or “saved” by the so-called “stimulus” cost taxpayers a whopping $278,000. This is still fantasyland because there are 1.9 million fewer jobs on record now than on the day the stimulus was signed into law, but nonetheless, the quiet pre-holiday Friday night news dump of an announcement reveals the administration’s worry. Federal Reserve Chairman Ben S. Bernanke admitted last month that he’s clueless why America’s economic malaise continues. Tax cheat and Treasury Secretary Timothy F. Geithner, who called President Obama’s budget “unsustainable,” wants to abandon ship along with the rest of the “economic dream team” escapees: Lawrence H. Summers, Christina Romer and Austan Goolsbee. Meanwhile, the president, apparently believing no news is good news, has put his fingers in his ears – “La la la, I cannot hear you” – and, at one point, canceled his daily economic briefings.

Obamacare waivers wild ride. That the White House would exempt its best friends from Obamacare underscores everything you need to know not only about the deeply flawed health care takeover itself but also about the White House’s embrace of cronyism. Team Obama vigorously defended those waivers right up until the moment when political expediency forced the president to wave them goodbye. About 1,400 “Get out of jail free” cards later, he thinks you will forget that his union friends were exempted from the rules you must follow. Parenthetically, look for those waivers to return quietly at some point under a new Obama Ministry of Truth name. Perhaps in accordance with the creative euphemism the administration chose for its Libyan war, it will call them “kinetic medical actions.”

Afghanistan retreat. The “war of necessity” of 2008 has become the retreat of political expediency of 2012, timed oh so conveniently for the eve of the election. Rejecting his own generals’ advice is certainly within a commander in chief’s prerogative, but when the White House falsely claims that the withdrawal plan was offered by Gen. David H. Petraeus when it was not – according to the testimony of Marine Lt. Gen. John R. Allen – the White House reveals its panic. What’s more, the transparent attempt to placate Mr. Obama’s base among the anti-war left rather than reach out to moderates is evidence itself of worry in the White House.

Panic at the pump. Gasoline prices have more than doubled since Mr. Obama took office. While claiming that increasing the oil supply with new drilling won’t affect prices, Economics 101 be dammed the White House offers the window-dressing measure of tapping the Strategic Petroleum Reserve, our emergency backup stockpile. His release of 30 million barrels – a 1—day supply 1/2 is a fraction of the 200-million-barrel annual shortfall his Gulf of Mexico drilling ban has caused. The futility of this gesture underscores the administration’s political desperation at least to be seen as doing something.

Clumsy class warfare. It’s never surprising when liberals segregate Americans into classes for their own political gain. That’s more or less their entire political strategy. Nudge a Democrat in his sleep, and he’s likely to say: “Tax the rich.” (Or maybe, “Bush’s fault.”) What is surprising, however, is how transparently desperate Mr. Obama sounds trying to pull it off. “[I]f we choose to keep a tax break for corporate-jet owners then that means we’ve got to cut some kids off from getting a college scholarship.” It’s a desperate president indeed who would have you believe that success among some Americans causes failure for others. The president’s class-warfare remarks are, as Sen. Marco Rubio, Florida Republican, describes, “more appropriate for some left-wing strongman than for the president of the United States.”

Biden boot buzz. The rumors that Team Obama will drop Vice President Joseph R. Biden from the 2012 ticket in favor of New York Gov. Andrew Cuomo are just that – rumors – and will go nowhere, but the interesting point is that they exist at all. Their origin almost certainly lies within insider Democratic circles and reveals two points: (1) no confidence in the gaffetastic vice president (and who can blame them?) and (2) worry that his presence could doom the ticket. Rumors of vice presidents’ imminent departures are nothing new, but they never seem to swell around re-election shoo-ins.

The 2012 election may be the most consequential of our lifetimes, and it’s obviously far too early to predict its results. But that’s the point. The White House has conceded the inevitability factor. The bloom is off the Obama rose, and Team Obama knows it.

Dr. Milton R. Wolf is a board-certified diagnostic radiologist and cousin of President Obama. He blogs daily at MiltonWolf.com.

Dear American Taxpayer

For only the second time in my adult life, I am not ashamed of my country. I want to thank the hard working American people for paying $242 thousand dollars for my vacation in Spain .

My daughter Sasha, several long-time family friends, my personal staff and various guests had a wonderful time. Honestly, you just haven’t lived until you have stayed in a $2,500..00 per night private 3-story villa at a 5-Star luxury hotel.

Thank you also for the use of Air Force Two and the 70 Secret Service personnel who tagged along to be sure we were safe and cared for at all times. By the way, if you happen to be visiting the Costa del Sol, I highly recommend the Buenaventura Plaza restaurant in Marbella ; great lobster with rice and oysters! I’m ashamed to admit the lobsters we ate in Martha’s Vineyard were not quite as tasty, but what can you do if you’re not in Europe , you have to just grin and bear it?

Air Force Two (which costs $11,351 per hour to operate according to Government Accounting Office reports) only used 47,500 gallons of jet fuel for this trip and carbon emissions were a mere 1,031 tons of CO2. These are only rough estimates, but they are close. That’s quite a carbon footprint as my good friend Al Gore would say, so we must ask the American citizens to drive smaller, more fuel efficient cars and drive less too, so we can lessen our combined carbon footprint.

I know times are hard and millions of you are struggling to put food on the table and trying to make ends meet. So I do appreciate your sacrifices and do hope you find work soon.

I was really exhausted after Barack took our family on a luxury vacation in Maine a few weeks ago. I just had to get away for a few days.

Cordially,

Michelle (Moochelle) Obama

PS: 6/2011 Many thanks for our girls trip to Africa . Mom and the girls are having a wonderful time learning about our roots—-priceless!

P.S.2: Thank you as well for the $2 BILLION dollar trip to India from which we just returned!

P.S 3:. Thank you, too, for that vacation trip to Martha’s Vineyard ; it was fabulous. And thanks for that second smaller jet that took our dog Bo to Martha’s Vineyard so we and the children could have him with us while we were away from the White House for eleven days. After all, we couldn’t take him on Air Force One because he might pee on some wires or something.

P.S. 4. Oh, I almost forgot to say thanks also for our two-week trip to Hawaii at Christmas. That 7,000 square foot house was great!

Love ya!

Remember we all have to share the pain of these economic times equally! Love to -redistribute- share- the wealth.

Dr. Manning & Chris Levels discuss some of the problems in our nation today. Recorded on 8 July 2011. For More Info Go To: http://atlahmedianetwork.org or http://atlah.org