Wednesday, July 13, 2011
The Waning Hours
The United States of America is inching ever closer to the manufactured crisis of our Federal government default. National default would be catastrophic with US bonds and Treasury Notes being pushed to junk level. President Barack Hussein Obama has threatened that he is not even certain that he will be able to send out military pay and Social Security checks. In the event that happens, lay all the blame on Obama himself as it would be entirely his choice as after the debt service payments, it would be left completely to the President to prioritize where the remainder of government receipts are spent. Of course, America would not be in such a tenuous situation, if Obama and his Democrats were not on a spending spree unprecedented in human history. Will America default? Maybe so, but if it happens only Barack Hussein Obama and the socialists who have backed him should be held to account in the November 2012 election.