Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘libel’

… One of the All – Time Worst Interviews [#Mark halperin]…

Posted by paulfromwloh on Saturday,May 16th,2015

.. once this guy had some ounce of credibility …

.. whatever shred of decency and credibility this guy had is now gone …

.. in a recent interview he went waaay above and faaar beyond libel and slander in his treatment of US Senator [and presidential candidate] Ted Cruz [R-Tx] …

.. [h/t — pjmedia.com]..
.. [link] to the blog news ..

.. how bad was it ? Even the uberliberal website ThinkProgress could not stomach it ..

.. yes , it was that bad . No , I do not care to comment on what Halperin did . I think what he did was the height of racist and despicable …

.. Halperin should resign from Bloomberg News …

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… Go , Rush , Go [#DCCC lawsuit]…

Posted by paulfromwloh on Wednesday,November 19th,2014

.. what in God ‘ s name would provoke the MahaRushie to go to war with a political committee ..

.. plenty …. the DCCC conducted a fundraising campaign on a audio / visual series of clips , ones that were taken out of context …

.. [h/t — theRightScoop.com]..
.. [link] to the blog news …

.. I would not advise elRushbo to go into this lightly . Rush Limbaugh is a serious man , with one hell of a good reputation . It is one that the DCCC tried to slander and defame by doing what they did …

.. Rush is in every sense of the word a public figure . However , those circumstances apply to libel and slander cases , not to defamation . They might apply , tangentially , but it does allow the DCCC to do whatever they want to whoever they want …

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… the U.N. Human Rights Council should be ashamed of itself [#anti – semitic]…

Posted by paulfromwloh on Tuesday,July 29th,2014

.. yesterday , the U.N. libeled Israel .

.. the Human Rights Council passed a so – called ” human rights resolution … one that libeled and slandered Israel …

.. worse , it was who the author of the resolution was . The resolution ‘ s author : Hamas , of all groups …

.. it passed 27 to 1 , with 17 abstentions . Only the United States voted ” no . ”

.. passing an antI _ Israel resolution is nothing new for the Human Rights Council . They have done it lots of times before . But one authored by Hamas , and submitted by the PA ?? …. Come On , for Christ ‘ s Sake !! …

Posted in moral opposition, moral question, moral stand, personal opinion, religious question | Tagged: , , , , , , | Leave a Comment »

… Nancy Pelosi is a … [#take your pick]…

Posted by paulfromwloh on Sunday,July 20th,2014

.. liar .

.. coward …

.. [fill in your choice here] …

.. [h/t — HotAir]..
.. [link] to the video critique …

.. Bravo , Megyn (Kelly) ! She really takes the wood to Nancy Pelosi for taking the Hobby Lobby decision all out of sorts …

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… Jeezus … Bob Costas speaks out [#no pc]…

Posted by paulfromwloh on Thursday,July 10th,2014

. I will admit , Costas is no conservative , as I have blogged before about him , but WOW ! …

.. this is amazing for someone that considers himself a liberal …

.. [h/t — theRightScoop]..
.. [link] to the interview segment …

.. I wonder what made Costas decide to speak out like this ?!?! …

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… An Andrew Klavan special … Why DemoCraps call us Racists …

Posted by paulfromwloh on Saturday,June 7th,2014

.. they do it because they want to .

.. they do it because we let them get away with it …

.. [h/t — TruthRevolt]..
.. [link] to the presentation …

.. as I have forgotten , Andrew is very , very good , and quite funny . He puts things simply and succinctly , which gets right to the point …

.. thanks , Andrew ! …

Posted in demagoguery, demonization, libel, personal opinion, slander | Tagged: , , , , , , | Leave a Comment »

… POTUS will Negotiate with Who ?!?! …

Posted by paulfromwloh on Tuesday,June 3rd,2014

.. terrorists ?

.. it appears so .

.. I was watching a sequence on ” Hannity ” the other night . Sean was replaying a video of His Lordship saying that he will not negotiate with Republicans . The opposition party . The group with whom he has a solemn duty to do so , under our system of government …

.. but , POTUS will negotiate with terrorists ….. TERRORISTS ?!?! …. P – U – K – E !! …

.. it figures for the First Wuss , the First Hypocrite …

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… You Have to Be Kidding [NY Slimes Op – Ed sliming Vets] …

Posted by paulfromwloh on Sunday,April 20th,2014

.. I read the op – ed , and I found it disgusting and libelous …

.. especially because I have many folks in my life who have served …

.. [h/t — m.Newsbusters.org]..
.. [link] to the blog news..

.. my father , my uncles , a number of my friends , and , most recently (in the US Army) , my nephew Aaron ..

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… These are ObamaCrapCare charts that the ObamaCraps do not Want You to See …

Posted by paulfromwloh on Sunday,April 20th,2014

.. the ObamaCraps are secretive to excess . I think that is beyond obvious ..

.. but , this secretive and narcissistic ?? yea , that much …

.. [h/t — IJReview.com]..
.. [link] to the evidence and news …

.. you have to see this to believe it ….

7 Blockbuster Obamacare Charts That the White House Doesn’t Want America to See

Remember all those promises that were made to sell Obamacare? Like lowering premiums for a family of 4 by $2,500 a year, allowing people to keep their plans and their doctors, not adding a dime to the deficit, and all of that?

Well, let’s just see how much of a striking success “Obamacare” is based on the numbers so far. The Heritage Foundation created these charts based on the HHS’ own numbers, the CBO’s, and the Kaiser Family Foundation’s.

1.Young People’s Premiums are Jacked Up

Premiums_Age27If you’re a young person, you’re pretty much screwed. Not only will you be paying higher premiums to subsidize your elders, you will be paying more taxes over your lifetime to pay back the loans we’re accruing just to pay for this boondoggle. You’re welcome, right?

2. Family of Four – Your Premiums Did Not Drop $2,500/Yr.

CP-Obamacare-in-Pictures-5_HIGHRES

So… Mr. Smooth was going to save a family of four $2,500 a year in premiums, as promised so many times it’s laughable. About that… a family of four is likely to get an increase in premiums, and in addition, basically anyone who wants to work and live the American Dream will be penalized with higher taxes.

3. New Taxes for Everybody!

CP-Obamacare-in-Pictures-11_HIGHRESSpeaking of taxes, check out these bad boys. Not just one, but 18 new taxes lumped into one giant bill that should be called “Obamatax.” Hey, it’s not a tax! Oh yeah, well, now it is.

4. Raiders of the Lost Medicare

 

Medicarecuts

You would think from all the hysteria nowadays about Medicaid expansion to the states that this was the main purpose of Obamacare – to spread a huge soviet-style welfare program to as many homes as possible (and let those who are on it tell ya about the amazin’ service while they’re at it!) Anyway, let’s frame some of that left-wing hypocrisy by pointing out Obamacare’s massive cuts to another government program – Medicare.

5. You Like Higher Deductibles? Well, Obamacare’s Got ‘Em!

 

CP-Obamacare-in-Pictures-6_HIGHRES

Now, show him the deductibles, Bob! Average deductibles on the “Catastrophic,” “Bronze,” and “Silver” plans are going through the roof. (No worries if you live in Colorado or Washington, just light up a joint and forget you read this.)

6. Obamacare Costs Way More Than Projected – And It’s Not Even Warmed Up

 

CP-Obamacare-in-Pictures-8_HIGHRES

Now here comes the biggie – cost. If you were one of the supporters of this law who thought it wouldn’t “add a dime” to the deficit, I want you to turn to your (theoretical) children and grandchildren and apologize. We’ll wait.

No, tell them the part about how you’ll be sticking your kids with your generation’s bills, and how debt is the unpaid portion of the federal budget that gets passed on to someone else.

Still don’t feel guilty? How about realizing that all of those taxes coming out of the private sector to pay for this disaster will limit your children’s futures, indicated in part by the half of college graduates who can’t find jobs in their fields? Oh, now you feel guilty.

7. Still Unpopular After All These Years

Ocare_popularity

And lo and behold, this healthcare “reform” boondoggle passed through procedural gimmickry with no bipartisan support whatsoever loaded with nonsense and unread in full by most of the nation’s “representation” in Washington still has very little support  – beyond those Democrats who would support anything the party told them to.

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… One Would Think that the First Black President would be …

Posted by paulfromwloh on Friday,April 18th,2014

.. a uniter ..

.. unfortunately , he has not been that at all .

.. Barack Obama tends to forget that he is of mixed – race heritage . He is not just only a black man . He is both black and white . It is as if he has totally rejected any acknowledgement of his white background and heritage . Oh , Oh yes , that is most definitely causing problems …

.. [h/t — DailyRushbo]..
.. [link] to the show segment ..

.. the MahaRushie brings a well – known and salient point to the argument . One would think that he would be a uniter , maybe even a pacifier . He has been neither . Even worse , he has brought a great deal of exacerbated racial tension to the nation ‘ s body politic ….

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… It is Really Spooky [#Thought Police]…

Posted by paulfromwloh on Friday,April 18th,2014

.. when people will not deal in civil discource …

.. when these people turn into the ” thought police . ” They act to shut down what people think about and what they believe in . When it gets to that point , our rights and freedoms are in grave danger …

.. [h/t — NationalReview]..
.. [link] to Charles Krauthammer ‘ s column …

.. when people act like this , it makes common demagoguery seem normal and decent . People do not act in a reasonable manner ; they act in an intolerant one , and use Alinskyite tactics to demonize their rhetorical opponents …

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… What is POTUS doing ? [National Action Network speech]…

Posted by paulfromwloh on Saturday,April 12th,2014

.. what in the hell is Obama doing ? …

.. first , in appearing at a criminal organization . An incompetent and idiotic Attorney General like Eric Holder in someways I can understand . But POTUS ?? No way ….

.. then , the material of the speech . At least at the beginning of the week , at the 50th anniversary celebration of the Civil Rights Act , POTUS behaved himself , to a point . Not at the N.A.N. , that is for sure …

.. so you can see his drivel for yourself , here is the speech for your perusal …
.. [h/t — YouTube]..
.. [link] to the god awful speech …

.. POTUS is a racist and a bigot . He is not just a bigot in general , but he is a philosophical bigot …

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… No Kidding , Jonah ! …

Posted by paulfromwloh on Thursday,April 10th,2014

.. His Lordship does not even know the meaning of the word ” compromise . ”

.. [h/t — NationalReview]..
.. [link] to the interview footage …

.. POTUS comes from an intellectual tradition that goes for political combat , and treats it as a ” search and destroy ” mission . In his case , though , it is of the Alinskyite School of political tactics …

Posted in narcissism, personal opinion, policy disaster, policy failure, political blunder | Tagged: , , , , , , , , | Leave a Comment »

… DemoCrap Compares Republican to a Nazi …

Posted by paulfromwloh on Tuesday,April 8th,2014

.. yet , it happens every day .

.. in this case , it happened in Missouri . You would think that state legislators would act more like adults …

.. [h/t — theGatewayPundit]..
.. [link] to the audio clip..

.. unfortunately not … the DemoCrap talked down his nose at the Republican (a female) , and he was condascending and extremely patronizing towards her …

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… Do You Really Believe the ObamaCrapCare Numbers ?? …

Posted by paulfromwloh on Tuesday,April 8th,2014

.. to be honest , No ! …

.. net of those thrown off of their own health insurance policies , the net gain in insured is only 1 million .

.. from the numbers of folks who have lost their insurance , there are several large states who have not or did not report their numbers … and my home state [Ohio] is one of them . Believe you me , plenty of folks here got tossed off of their health insurance because of the ObamaCrapCare rules … Texas is another , Georgia , Colorado …

.. The interesting thing is exactly how many folks have been enrolled in Medicaid , and how many of those are new enrollees (i.e. , previously uninsured) …

….those numbers alone will cause a great deal of budget trouble for many states … Why ? they cannot afford it … It is one of the chief reasons that so many states took the op – out that the U.S. Supreme Court gave them in N.F.I.B. v Sebelius . They know the Medicaid Monster well , and they do not trust the Federal Government to keep its word …

.. [h/t — RealClearPolitics]..

.. [link] to Dr. Krauthammer ‘ s commentary …

.. to be honest , he does not believe in the numbers , either . He thinks that they are a fraud …

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… What Could this Group have been Thinking ?? [Arafat Grave]…

Posted by paulfromwloh on Tuesday,March 25th,2014

.. you heared that right .

.. this was a college group , matter of fact it was one from Harvard . They were on a journey to israel and Judea and Samaria for their Spring Break . However , they made one moumental boo – boo …

.. [h/t — TruthRevolt]..
.. [link] to the blog post ..

.. that would be a grotesque understatement . What did they do ??

.. they made a trip to a grave . In Israel , that is no surprise . In the ” West Bank , ” it is , considering who it was that they went to visit … who ?

.. the grave of Yasser Arafat . Yes , him .

.. they even took a group photo of the journey . That in and of itself was a really dumb idea . Taking a group photo at a grave . No ! Doing so was in extraordinary bad taste …

.. but Arafat ‘ s grave , of all places …

.. however , justice was done . One of the members of the touring group was from Brandeis University , and is a contributor to TruthRevolt . Well , you can guess what happened next . Word of their ” exploit ” got back both stateside and back to Israel , and whoa , boy , what an uproar it caused …

.. a dialogue with collegians and Palestinians is one thing . Attacking the blogger is another . The ” photo ” at the grave ??

.. No .

.. you dummies deserved it …

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… I will tell You This , Kevin (Sorbo) [on Obama]…

Posted by paulfromwloh on Tuesday,March 25th,2014

.. I did not vote for POTUS either time .

.. I proudly voted for Senator John McCain the first time , in 2008 …

.. I proudly voted for former Massachusettes Governor Mitt Romney the second time , in 2012 …

.. and I guarantee you , Kevin , that I am not a racist …

.. [h/t — Newsbusters]..
.. [link] to the blog post (show segment) …

.. anyone who tries to accuse me of racism for not supporting POTUS by not voting him either time is going to get a fight from me …. and I do not mean a rhetorical one ….

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… What is This Guy Thinking ?!?! …

Posted by paulfromwloh on Saturday,March 22nd,2014

.. sucking on a lollypop ? …

.. Rev. William Barber is big enough trouble in North Carolina . Now he wants to raise hell in Wisconsin ? …

.. he has to be insane . Anyone with a brain has toknow that his antics are going to backfire … especially with many of the unions having been de – fanged . They are still dangerous , but their ability to retaliate against the Good Guys and Good Gals is now far more limited …

.. [h/t — RebelPundit]..
.. [link] to the video and the blog post …

.. does anyone have a muzzle for this guy ? it would be a very good idea …

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… So What do You Expect ?? [political marketing]…

Posted by paulfromwloh on Friday,March 21st,2014

.. the DemoCraps are in the thrall of the Alinskyite school of political malpractice …

.. in simple English , they will libel , slander , demonize , and demagogue anyone and everyone that they must in order to survive politically . Considering how much trouble POTUS is in , and as well how much hot water that they are in , it pays to have a strong mud shield these days in the good ol ‘ U.S. of A. ….

.. [h/t — Newsbusters]..
.. [link] to the article ..

.. the DemoCraps got caught lying inside and outside on this one . This ad campaign trying to smear David and Charles Kock was a real grotesque stinker . You can tell that most of all when Glen Kessler , the Washington ComPost ‘ s resident political ad maven , is moved to take action …

.. He gave it his highest rating …. 4 Pinochios …

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… A True War on Women [Allan Grayson]…

Posted by paulfromwloh on Saturday,March 15th,2014

.. yep , brought to you by Congresscritter Loudmouth [D–Fl] …

.. [h/t — theGatewayPundit]..
.. [link] to the blog post ..

.. the DemoCraps throw around those charges at the GOP as if they are true when they are a massive fraud

.. this idiot got caught abusing his estranged wife . Somehow , he avaoided facing charges …. hopefully , the voters of his district will not be as forgiving …

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… Bravo , David [Webb] …

Posted by paulfromwloh on Friday,February 14th,2014

.. David Webb is a hero of mine .

.. he had the guts to get back in the face of those nutjobs in the North Carolina chapter of the N.A.A.L.C.P. . They were having a protest march , entitled ” Moral Monday , ” this week in Raleigh against the new majority of the GOP in the state . To me , it sounds like these guys were behaving like a bunch of crybabies …

.. their furher , Reverend William Barber , has been in the news of late for shooting off his mouth at black Republicans in general , and US Senator Tim Scott [R-SC] , in particular . Barber has called Scott a “ventriliquist ‘ s dummy ” for standing up for what he believes in in the conservative and Tea Party agenda . No , the national N.A.A.L.C.P. is not slapping Barber down for his antics , either …

.. so , David Webb (who is a FoxNews contributor) went down to the Moral March on Monday to ask some questions . Let ‘ s say the reactions get real interesting …

.. [h/t — theGatewayPundit]..

.. [link] to the video segment ..

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… A Chain of A Mess [rewarmed SOTU] …

Posted by paulfromwloh on Tuesday,February 4th,2014

.. gee , was that SOTU a stinker .

.. So , what else is new .

.. It is not the first time that POTUS has laid an egg in front of a Joint Session of Congress . He never seems to learn from that old rule that we all seem to learn in elementary school …. K.I.S.S. , keep it simple stoopid .

.. well , Bryan Preston (at PJMedia) assembled a video list of POTUS ‘ moldy oldies from his past SOTU …

.. thanks , Bryan . If you are a glutton for punishment , then go for it . If not , I am going to lift Bryan ‘ s list from his article (shamelessly) …

.. [h/t — PJMedia]

.. [link] to the post & video

2009
1: The American Investment and Recovery Act will create 3.9 million jobs over two years 90 percent of which will be in the private sector.

2: The HARP plan will help millions of families struggling to refinance and make payments on homes declining in value.

3: The recovery plan will double America’s supply of renewable energy in three years.

4: The largest investment in research funding in America’s history will spur discoveries and breakthroughs in energy, medicine, science, and technology.

5: Thousands of miles of power lines will be laid, bringing electricity to cities across America, and creating thousands of jobs.

6: By making homes and buildings more efficient, we will save billions of dollars on energy.

7: “We will launch a new effort to conquer a disease that has touched the lives of nearly every American, including me, by seeking a cure for cancer in our time.”

8: Promoting and funding preventive care will keep Americans healthy, and keep ObamaCare costs low.

9: To bring down the deficit by making government more efficient.

10: “I pledged to cut the deficit in half by the end of my first term in office.”

11: $2 trillion will be cut from the budget over the next decade.

12: For families who make less than $250,000 per year, “you will not see your taxes increased a single dime.”

13: Comprehensive health care reform will strengthen Medicare in the years to come.

14: To develop a plan to strengthen Social Security in a similar way …

15: … While creating tax-free universal savings accounts for all Americans.

16: To close the Guantanamo Bay detention center.

2010
17: A new high-speed railroad in Tampa, Fla., funded by the Recovery Act.

18: The investment in research could lead to more efficient solar cells, or treatment that kills cancer cells but leaves healthy cells.

19: To build a new generation of safe, clean nuclear power plants in the U.S.

20: To pass an energy reform bill that incentivizes clean energy.

21: ObamaCare allows the insured to keep their doctors and their plans.

22: ObamaCare reduces costs for families and companies.

23: ObamaCare will bring down the deficit by $1 trillion in the next two decades, according to the U.S. Budget Office.

24: To balance the stimulus and recovery spending, “starting in 2011, we are prepared to freeze government spending for three years.”

25: “Like any cash-strapped family, we will work within a budget to invest in what we need, and sacrifice what we don’t—”

26: “— And if I have to enforce this discipline by veto, I will.”

27: “We will continue to go through the budget line-by-line, page-by-page, to eliminate programs that don’t work.”

28: A bi-partisan fiscal commission will ensure that budget reform, and that won’t be a “Washington gimmick.”

29: The Senate should restore the pay-as-you-go law, which led to budget surplus in the 1990s.

30: “Tonight, I’m calling on Congress to publish all earmark requests on a single website before there’s a vote, so that the American people can see how their money’s being spent.”

31: “I will not give up on trying to change the tone of our politics.”

32: “We should continue the work of fixing our broken immigration system —”

33: “— to secure our borders, and to enforce our laws—”

34: “— and to ensure that everyone who plays by the rules can contribute to our economy and enrich our nation.”

2011
35: To meet energy goals, we will need to use wind, solar, natural gas, nuclear, and clean coal.

36: “Now, I strongly believe that we should take on once and for all the issue of illegal immigration.”

37: “I am prepared to work with Republicans and Democrats to protect our borders, enforce our laws —”

38: “— and address the millions of undocumented workers who are now living in the shadows.”

39: “We will put put of Americans to work repairing our crumbling roads and bridges. We will make sure this is fully paid for —”

40: “— attract private investment —”

41: “— and pick projects based on what’s best for the American economy, not politicians.”

42: Give 80 percent of Americans access to high-speed rail in the next 25 years.

43: Make it possible for businesses to provide high speed wireless coverage to 98 percent of Americans in the next five years.

44: To lower the corporate tax rate for the first time in 25 years.

45: To reduce barriers to growth and investment by reviewing rules for unnecessary burdens on businesses.

46: ”So tonight, I am proposing that this year, we freeze annual domestic spending for the next five years.

47: The Affordable Care Act will slow the rising costs of Medicare and Medicaid.

48: To rein in frivolous lawsuits by reforming medical malpractice laws in order to lower costs.

49: To re-organize government agencies to make the government more effective and efficient.

50: To create a website which details all government spending.

51: “If a bill comes to my desk with earmarks inside, I will veto it.”

2012
52: “If companies that choose to stay America and gets hit with the highest tax rate in the world, it makes no sense, and everyone knows it. So let’s change it.”

53: “I want to cut through the maze of confusing training programs, so that from now on, people like Jackie have one program, one website, and one place to go for all the information and help that they need.”

54: “It is time to turn our unemployment system into a re-employment system that puts people to work.”

55: “I believe as strongly as ever that we should take on illegal immigration.”

56: “I am proposing that every state — every state — requires that all students stay in high school until they graduate, or until they turn 18.”

57: “Tonight, I am directing my administration to open more than 75 percent of our potential off-shore oil and gas resources.”

58: “This country needs and all-out, all-of-the-above strategy, that develops every available source of American energy.”

59: “We have a supply of natural gas that can last America nearly 100 years. And my administration will take every possible action to safely develop this energy.”

60: “I’ve ordered every federal agency to eliminate rules that don’t make sense. We’ve already announced over 500 reforms.”

61: “We will also establish a financial crimes unit of highly trained investigators to crack down on financial fraud, and protect people’s investments.”

62: “I’ve asked this Congress to grant me the authority to consolidate the federal bureaucracy, so that our government is leaner, quicker, and more responsive to the needs of the American people.”

63: To end partisan gridlock based on strongly held ideology.

2013
64: To enact Medicare reforms that give the same savings as the reforms of the Simpson-Bowles commission.

65: “We’ll reduce tax-payer subsidies to prescription drug companies —”

66: “— and ask more from wealthy seniors.”

67: “We’ll bring down costs by changing the way our government pays for Medicare.”

68: Save money by getting rid of tax breaks for the wealthy.

69: Reform taxes that rewards job creation and reduces deficit.

70: Cut red tape to make it easy to obtain oil and gas permits.

71: Create energy trust to drive development of new technology to shift cars and trucks off of oil and gas.

72: “I propose a fix-it-first program to put people to work on our most urgent repairs.”

73: To make pre-school available to every child in America.

74: To make affordability and value a factor in deciding which colleges receive federal aid.

75: “The time has come to pass comprehensive immigration reform.”

76: To raise the federal minimum wage to $9 an hour.

77: Incentivize hiring of currently unemployed people.

78: Put people back to work rebuilding run-down neighborhoods.

79: Give tax credits to businesses that hire and invest.

80: Remove financial deterrents to marriage for low-income couples, and encourage fatherhood.

81: “By the end of next year, our war in Afghanistan will be over.”

82: “Our government should not make promises we can’t keep, but we must keep the promises we’ve already made.”

Posted in communications strategy, disgusting, failure, fraud, historical opinion, illegality, media strategy, narcissism, personal opinion | Tagged: , , , , , , , | Leave a Comment »

… Gotcha ! [Moody s Investors Services Shutdown & Default memo news]

Posted by paulfromwloh on Wednesday,October 9th,2013

… exactly as I thought ! …

… and this financial opinion comes from a professional financial firm …

.. SecTreas and POTUS were / are lying ..

..  Moody’s says that the U.S. Treasury Department can continue paying interest on the government’s debt even if Congress fails to raise the debt limit, preserving the nation’s sterling AAA credit rating.

.. In a memo being circulated on Capitol Hill Wednesday, Moody’s Investors Service offers “answers to frequently asked questions” about the government shutdown, now in its second week, and the federal debt limit. President Obama has said that, unless Congress acts to raise the $16.7 trillion limit by next Thursday, the nation will be at risk of default.

.. ” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.

The Moody’s memo goes on to argue that the situation is actually much less serious than in 2011, when the nation last faced a pitched battle over the debt limit.

“The budget deficit was considerably larger in 2011 than it is currently, so the magnitude of the necessary spending cuts needed after 17 October is lower now than it was then,” the memo says.

Treasury Department officials did not immediately respond to requests for comment.

.. LEC again — Busted !! … Those idiots got caught in the act . Moodys , S&P (Standard & Poor s) , and others have done this stuff for centuries . They know their business , they do thorough research (legal & financial) , and know what they are talking about . I figured that something like this would emerge , but not from which firm , or when .

.. They want to protect their backers ‘  fannies . Also , their subscribers value this kind of info . It is what they are in this business for .

.. POTUS and SecTreas (Lew) should have known better . They have , or should have had , top legal minds to tell them this stuff . They went out , and lied about it , anyway ….

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the Left and Race Baiting

Posted by paulfromwloh on Friday,July 13th,2012

… what the Vice President of the United States said , among other Democraps , was outrageous and beyond the pale and the bounds of good taste …

… Mr. Biden inferred by his speech that conservatives are racist . How low can a political figure in this nation go …

… believe you me , he has competion . and , it is not the last of the racial cheap shot in this campaign …

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