Obama Lies To Us, Secretly Tells Banks – There Will Be No Default

Obama and the Democrats have been scaring everyone under the sun with their lies and deceit regarding raising the budget ceiling. They have told grandparents that they might not get their Social Security checks. They have said that the military might not get paid, and that food inspections, drug research, and other important functions may suffer as well. Now we learn that this is just another set of lies that Obama and the Democrats have used against the American People to try and get their way, which consists of increased taxes (revenues) and the killing of many more jobs.

Obama and the Democrats will not rest until we are all complete dependents of the U.S. Government.

While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned.

In a series of phone calls, administration officials have told bankers that the administration will not allow a



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Democrat Rep. David Wu To Resign Amidst Sexual Misconduct Investigation

Oregon’s two Democratic senators called on him to resign, and Democrat Rep. David Wu has agreed that he will step down from office.

We thought that Rep. Wu would have to step down eventually, and especially once an investigation into his alleged sexual abuses had begun, but why wait until after the debt ceiling issue has been resolved? Why not just step down now? The reason is because the Democrats will not let him step down until they get his vote for Obama’s proposed hefty tax raises.

Rep. David Wu announced his resignation from Congress today, moments after U.S. senators Jeff Merkley and Ron Wyden called for his resignation.

The Democrat said in a statement that he would leave office after Congress resolves the debt ceiling crisis.

“With great sadness, I therefore intend to resign effective upon the resolution of the debt ceiling crisis. This is the right decision for my family, the institution of the House, and my colleagues.”

The Oregonian reported Friday that Wu had been accused of an unwanted sexual encounter with the 18-year-old daughter of a



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House Speaker John Boehner’s Reply to Obama’s Debt Ceiling Speech

This is a full  transcript of House Speaker John Boehner’s reply to Obama’s debt ceiling speech.

Read the transcript of Obama’s Debt Ceiling Speech Here.

Good evening. I’m John Boehner. I serve as Speaker of the whole House — of the members of both parties that you elect. These are difficult times in the life of our nation. Millions are looking for work, have been for some time, and the spending binge going on in Washington is a big part of the reason why.

Before I served in Congress, I ran a small business in Ohio. I was amazed at how different Washington DC operated than every business in America. Where most American business make the hard choices to pay their bills and live within their means, in Washington more spending and more debt is business as usual.

I’ve got news for Washington – those days are over.

President Obama came to Congress in January and requested business as usual — yet another routine increase in the national debt limit — we in the House said ‘not so fast.’ Here



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