Saturday, October 12, 2013

Government Shutdown and Debt Default

Open Email to House Speaker Boehner:

Dear Speaker Boehner,
    There is an expert opinion that to prepare and produce signs and other barricade items for "park" shutdown would have taken eight months through standard federal bureaucracy.
    This means that Obama planned at least eight months ago to pursue a game of chicken with the Congress on government shutdown. The obvious Obama strategy was to inflict as much pain as possible on the American public and blame it on the Republicans of the House. Fortunately for the American public, the program at least partially backfired when World War II veterans became incensed about their denial of access to their war Memorial and specifically blamed it on Obama.
    Obama is continuing to play the chicken game now with respect to a federal debt default. He claims that unless the debt limit is raised, the default on payment of government debts will be catastrophic. In a Saturday morning program, four out of five interviewees agreed that the claim of debt default is fallacious with respect to availability of funds. However, the group did bring up a good point, which is that Obama has the option of prioritizing how he will spend available funds. If he decides not to pay interest on the federal debt, there is a default. But that is an option on his part. If he chooses the nonpayment of government bond interest, he will blame it on the House Republicans. While he has the bully pulpit as President, your defense must be to out-talk him by presenting facts to the American public.

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