Obama Contradicts Himself, Tells Banks America Won’t Default Even If Debt Limit Isn’t Raised

Publicly, the Obama administration’s line in the sand on the debt limit is August 2nd. At that date, according to Obama, the nation will be unable to continue making payments on the national debt.

But privately the Obama administration seems to be singing a different tune with the President telling bankers in private calls that the nation won’t default on its debt even if the debt ceiling isn’t raised.

Conservatives have argued for some time now that the August 2nd deadline is mere political theater, and that the nation could continue paying on its debt obligations past that deadline though such payments would require spending cuts elsewhere. Liberals have repeatedly stuck to the line that the deadline means default.

Obviously Obama is saying one thing to the public, no doubt to literally scare up support for raising the debt ceiling, and another thing privately.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

Related posts

  • SigFan

    So, is he lying to the public or to the banks or both?  Given his history of prevarication my guess is – he’s lying to both on one level or another.  Although with monthly tax revenues of $200 billion they can pay the interest on the debt and keep SS, Medicare and Medicaid and essential services of government running.  What would (or should) get cutoff in the event of a shutdown is all his pet legislation like Obamacare and all the extra-constitutional regulatory agencies that are making the economy worse. And if that happened people might actually realize just how little we really need the Federal Government to do. A Democrat’s worst nightmare, having the citizens realize how useless most of the government really is.

  • syantiss

    Wait… So, he’s a politician… That is, um, talking out both sides of his mouth? Is that what you’re saying? WOW… that is odd. I’m a little surprised more of the MSM isn’t picking up on that, rather than following the latest car chase through central Texas.

  • mikemc1970

    That’s what hypocrites do, they continually contradict themselves.

  • robert108

    Can’t you see he’s dancing as fast as he can?

    • Bat One

      He gots no rhythm. 

Top