Report: Obama Administration Deceived Congress and the Public Regarding Options During the Debt Crisis

Posted by Tina

A new report by the House Financial Services committee contends that President Obama deceived the American people during the 2011 and 2013 debt limit crisis. The Report charges that Jack Lew and other Obama administration officials deliberately withheld information from Congress and the public that showed the government could have functioned under a government shutdown:

Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were “unworkable.”

Republican Rep. Jeb Hensarling of Texas — charged that during both confrontations, the Obama administration held the country’s creditworthiness “hostage” by claiming default was the only possibility if the debit ceiling was not raised.

The report also stipulates that the administration had contingency plans ready for paying Social Security and Veterans payments and for servicing the debt in case the government shut down. The committee contends that the Treasury Department obstructed justice by refusing to disclose this information over a two year period as Congress has attempted to look into the matter.

Open hearings on the report will be held February 2.

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2 Responses to Report: Obama Administration Deceived Congress and the Public Regarding Options During the Debt Crisis

  1. J. Soden says:

    You would perhaps expect the truth from a proven serial liar??????? That’s like expecting child care advice from Charles Manson.
    Obumble actually telling the truth would be a major worldwide headline!

  2. Tina says:

    If only we could rely on an authentic headline it would be a major worldwide headline.

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