The Sentinel of Liberty……The Obama Administration and its Arrogance of Power

                                      The Voice of Freedom and Warning

                    The Obama Administration and its

                                 Arrogance of Power

 

Definition of ar-or-gance: an attitude of superiority manifested in an overbearing manner or in presumptuous claims or assumptions.

Synonyms: assumption, bumptiousness, consequence, haughtiness, high horse, huffiness, imperiousness, loftiness, lordliness, masterfulness, pomposity, presumptuousness, self importance, superiority among many more.

Arrogance is the perfect word to describe the attitude of President Obama and his entire administration. They have the attitude that the Constitution and Federal Law are for other people to obey and they can pick and choose which ones are advantageous to their agenda. I have shown in previous Sentinels their proclivity towards openly lying to the American people, covering up facts, stalling and inhibiting Congressional investigations and claiming Executive Privilege to shield administration officials from testifying to Congress.

Their newest excursions into the world of self-indulgence, has been to announce that they will postpone a key insurance mandate that allows big business until 2015 from complying with part of Obamacare. It has been obvious to everyone this was done merely for political expediency with the mid-term elections coming up in 2014. Obamacare (The Patient Protection and Affordable Care Act) has also come under intense criticism from formerly allied Labor Unions that have discovered that Obamacare will force many their members to lose their full time status and be relegated to part time employees without insurance coverage. Perhaps in their rush to support what they thought would be advantageous to the unions they should have read the legislation first to understand the true ramifications of a law that is destined to destroy Americas health care system.

The latest escapade into the bizarre is how Treasury Secretary Jack Lew has stonewalled and delayed the actual dollar numbers involving the National Debt. The Legal ceiling for the national debt is $16,699,421,095,673.60 and if that number is surpassed the government falls into default. For the last 56 days the national debt has been reported at $16,699,396,000,000.00 just $25 Million below the debt limit. Up to that point in fiscal 2013, according to the Daily Treasury Statement, the Treasury had already redeemed approximately $4,776,995,000,000.00 in U.S. debt instruments (bills, notes and bonds) that had matured. At the same time, the Treasury had issued $5,354,508,000,000.00 in new debt instruments. That means that, on net, as of May 17, the part of the federal government’s debt publicly circulated in instruments likes bills, notes and bonds had increased $577,513,000,000 for the fiscal year.

[i]As of the close of business on July 12, the latest day reported by the Treasury, the Treasury had redeemed approximately $5,848,194,000,000.00 in debt and issued approximately another $6,477,293,000,000.00—meaning the publicly circulated debt has increased by a net of $629,099,000,000 so far this year.

Thus, over the past 56 days, the net value of U.S. Treasury Securities circulating in the public has increased by $51.586 billion ($629,099,000,000 minus $577,513,000,000).

How could the value of extant U.S. Treasury Securities increase by $51.586 billion during a 56-day period when the federal government’s debt subject to the legal limit set by Congress has remained constant at $16,699,396,000,000.00—just $25 million below the legal limit?

On May 17, the day the debt began its long stay at $16,699,396,000,000.00, Treasury Secretary Lew sent a letterto House Speaker John Boehner. In the letter, Lew said the Treasury would begin implementing what he called “the standard set of extraordinary measures” that allows the Treasury to continue to borrow and spend money even after it has hit the legal debt limit.

How many days did Lew think he could keep the debt just under the debt limit while the Treasury continued to borrow money?

Once again Obama and his administration is caught lying to the American people because it’s convenient and it works to their favor when raising debt. Limit comes before Congress in Sept. Lew has already contacted Speaker of the House Boehner telling him the Obama administration will not negotiate on raising the debt ceiling. In actuality they will use the threat of the default being the fault of the Republicans and use it against them in the 2014 mid-term elections. Everything Obama and his administration do is geared towards the political ramifications for the Democrats and not what is best for the country. By withholding the correct amount the national debt is actually growing they figure they have the leverage to tell the Congress raise the debt ceiling now or default the government and take the blame.

When the nation needs real leadership in a President and Commander in Chief, what they get is scandal, cover-up and lawlessness and a Campaigner in Chief.

 

 

Watch for the next Sentinel Alert coming soon.

TopShot



[i] http://www.cnsnews.com/news/article/treasury-debt-has-been-exactly-1669939600000000-56-days

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