Re: Debt Crisis -- Pharoah Obama may be about to make a critical political error.

Here is a headline and story that is as misleading as any headline regarding the "debt crisis" and the ridiculous story that the US could default on its debt obligation because our congress fails to increase the debt ceiling by August the 2nd.

Here is the headline: WIRE: Obscure clause may help US avert 'default'... The lie now being put forth is that the "power of the purse" is solely in the hands of the president of the United States -- or so says a 143 year old clause recently found by Democrat researchers.

Understand from the outset that "default" on the national debt interest payments is solely the business of the Administration. At some point in time, because we have not raised the debt ceiling, the Federal government will run out of money unless, and until, its administrators begin to cut spending in order to meet the more pressing obligations . . . . . one of which is, of course, meeting our debt obligation. What I am saying is this: if we default on our debt, it will be due to the fact that the current Administration decided to do so instead of making other cuts. There is nothing, absolutely nothing, that requires the US to default on its debt obligations if and when we finally refuse to increase the debt ceiling. . . . . . nothing.

The notion that Obama would use this crisis to grap more presidential power is beyond the pale, if not outright criminal. We shall see.