Four Big Lies in Debt Limit Debate

By:  Chip Wood
08/01/2011
       

Barack Obama and his minions continue to lie. Okay, this is it, I promise: my last column on the so-called debt crisis (at least until next month). I know you’re getting tired of hearing about it. Heck, I’m getting tired of writing about it. But the lies and distortions have gotten so outrageous in the past few days that I simply must get up on my soapbox one more time and try to clear up a few of the biggest piles of malarkey. (Some of you may prefer a stronger word for what’s being thrown around.) Here are the latest “Big Four” that got my goat.

There is no August 2 deadline.

I know; it’s hard to believe. All we’ve heard for months is economic catastrophe will befall us if the debt ceiling isn’t raised by Tuesday.

But where did that date come from? It was plucked out of thin air by Treasury Secretary Timothy Geithner.

Barack Obama and his minions continue to lie. Okay, this is it, I promise: my last column on the so-called debt crisis (at least until next month). I know you’re getting tired of hearing about it. Heck, I’m getting tired of writing about it. But the lies and distortions have gotten so outrageous in the past few days that I simply must get up on my soapbox one more time and try to clear up a few of the biggest piles of malarkey. (Some of you may prefer a stronger word for what’s being thrown around.) Here are the latest “Big Four” that got my goat.

There is no August 2 deadline.  I know; it’s hard to believe. All we’ve heard for months is economic catastrophe will befall us if the debt ceiling isn’t raised by Tuesday.  But where did that date come from? It was plucked out of thin air by Treasury Secretary Timothy Geithner.

Click here to read the entire article.

Chip Wood (photo)

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