Thursday, July 21, 2011

1967 and 1979: Debt Ceiling Talking Points Were Same as We Hear Now, An Intransigent President, Obama Lies About His Mother and the TV Networks Yawn, Home Depot Co-Founder: Obama Is Choking Recovery, Russians Claim Obama is a CIA Agent


1967 and 1979: Debt Ceiling Talking Points Were Same as We Hear Now

From Wednesdays Rush Limbaugh Show, transcript
We're doing a timeline on the history of the debt limit in this country. Now, last week and many days prior, I've called your attention to the Democrat Party Playbook, the Leftist Playbook about how class envy and certain elements. Like when Obama came out and said, "Social Security checks and checks for veterans, I can't guarantee they're gonna go out." That's the playbook. When Debbie "Blabbermouth" Schultz goes out and slimes Allen West on the floor of the House, that's the Democrat playbook. Here's a congressman from south Florida who is a prince of a man, and she accuses him of wanting to balance the budget on the backs of seasoned citizens and basically sending them off to their deaths by denying them Medicare and Social Security.

None of it's true, of course. It's just absolutely appalling but it's from the playbook. But I have these two things had to show you what a game we are in the middle of, to show you how we are being played, to show you how Washington -- both parties, both sides never, ever change. Although I really don't want to lump the Republicans into this like that because we now have circumstances which are unique and separate from any previous debate on this subject, because what's hanging in the balance is the country, and it's not an overstatement to say that. This is the New York Times News Service, January 30, 1967:

LBJ's "Secretary of the Treasury Henry H. Fowler told Congress today that the government would be unable to pay all its bill if the ceiling on the national debt was not lifted within 30 days. Fowler ran into Republican hostility in day-long testimony before the House Ways and Means Committee... Fowler asked that the ceiling be raised by $7 billion to $337 billion to cover the period until June 30. Further legislation covering the period after June 30 will be needed later he said. Fowler said that payments for such things as old age benefits, veterans pensions, public assistance benefits, tax refunds, and the salaries of government workers would be threatened if the ceiling were not raised."

I am reading to you from the New York Times 1967. It is identical other than the numbers to what we are being told today. "Fowler said unless the debt limit is increased by the end of February at which time our outstanding obligations would exceed that which we could legally borrow the possibility of an economic and monetary derangement will be a reality." This is 1967 and they were threatening default. In 1967 the Democrats told us it was a crisis. They created chaos. The Democrat handbook can be traced all the way back to 1967, LBJ's Treasury secretary. I have another example. Jimmy Carter's Treasury secretary, April 3rd, 1979: "The US House of Representatives passed legislation yesterday that extended the debt ceiling. It came after the House rejected a Republican-led attempt to tack on a strong amendment calling for a balanced federal budget."

Are you hearing this? 1979.

"The US House of Representatives passed legislation yesterday extending the debt ceiling ... came after the House rejected a Republican-led attempt to tack on a strong amendment calling for a balanced federal budget. The House vote came after Carter Treasury Secretary Michael Blumenthal claimed in a letter that the Treasury was on the verge of a default and that retired persons would be hit first. 'About $8 billion in Social Security checks already had been mailed to 35 million Americans,' Blumenthal said, 'and there would be no funds to cover them if the House failed to act.' In addition, he said that the Treasury would not be able to pay civil service retirement benefits, veterans' benefits, railroad retirements benefits. Blumenthal last week ordered that no further income tax refund checks be mailed until the House acted."

Ladies and gentlemen, we are being played for the biggest saps on the face of the earth. We are being insulted and treated like the biggest dolts. This is the way the Democrat Party has been doing things since at least '67.




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An Intransigent President

The politicians most responsible for America's debt crisis are portrayed by the media as "grown-ups" while those least responsible for it are dubbed "intransigent." Veteran profligate spenders have been credited in recent days with a "balanced approach" to the crisis, even as Tea Partiers in Congress with no fingerprints on the debt have been cast as recklessly indifferent to it.

The mainstream media exclusively defines "intransigence" as conservative opposition to non-negotiable liberal demands. Hence, President Obama's willingness to risk default rather than drop his insistence on tax increases isn't considered intransigent and reckless but principled and mature.

Polls suggest that this media manipulation of the debate over the debt ceiling is paying off for the Democrats. One recent poll says that the American public views Republican leaders as more responsible for the stalemate than Obama. Perhaps a political version of the Stockholm Syndrome is at work here. Obama certainly likes to play the captor turned hostage negotiator, saving the people from a crisis into which he has thrown them.

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Obama Legacy May Be Withering American Dream
Barack Obama’s 2008 campaign trumpeted hope for the future, but his legacy may include presiding over the withering of the American Dream. Belief that the American Dream is possible has dropped by nearly 20 points since his election, falling just below one-half of U.S. adults.
My research since 1998 about the American Dream has shown its definition evolving away from material wealth and toward spiritual happiness (both secular and religious.) So this drop in belief hints that our economic and political problems are shaking American confidence about the future and even our way of life.
This should be an enormous problem for a President seeking re-election, especially since Republican opposition makes it nearly impossible to stimulate employment in ways Obama would prefer. However, stridency from that opposition and weakness of the Republican field put Obama in much better position than the situation should allow.
Home Depot Co-Founder: Obama Is Choking Recovery

Brent Bozell: Obama Lies About His Mother and the TV Networks Yawn

Russian-backed Propaganda Networks Claim Obama is a CIA Agent
Wayne Madsen, a regular contributor to the Russia Today propaganda channel, has been making the rounds for a year claiming that Barack Obama or his family members have had CIA connections. Now, the American Thinker, a premier conservative news site, has taken the bait.
In a July 15 post, “The network that produced Barack Hussein Obama, Jr.,” Thomas Lifson cites an article on the site of the Claremont Institute that “raises the intriguing network of connections among President Obama’s family and programs sponsored by the CIA and a variety of fronts and associated groups…” Lifson claims a “history” by the CIA of co-opting “progressive American internationalists” and suggests this may be the case with Obama.
The allegations are that Obama and/or his parents or grandparents had affiliations with companies or foundations with alleged CIA links.
Lifson, editor and publisher of American Thinker, is described in his bio as a former academic with advanced degrees from Harvard who was a visiting professor at Columbia University and Japan’s National Museum of Ethnology.
But the Claremont piece he is promoting and which is titled, “The Chosen One,” admittedly relies on the work of “Self-styled investigative journalist Wayne Madsen,” whose “credibility is certainly checkered.”
CBS Frets Waste of Time on ‘Cut Cap and Balance,’ But Promotes ‘Remarkable Resurrection’ for ‘Gang of 6’

"Dung Heap" Harkin: GOP Has ‘Morphed Into A Kind Of A Cult’

Sen. Mikulski On 'Cut, Cap' Bill : 'What A Sham What A Scam'

Olbermann Lures Guests to New Show with Cash

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