This'n'That; May Twentieth #1; Nobody Died!

(A better-in order-view at: http://www.justincase505.wordpress.com/)
Debt Limit Reached-Nobody Died!
    Amid 'dirtly little secrets,' the debt ceiling was reached last Monday and no one died-much to the chagrin of the owe-bamacRATs!  The forecast had been that if agreement to a new debt ceiling, the old folks wouldn't get their health care, their medications and other unaffordable entitlements.  "Turbo-Tax Tim" Geithner's obfuscation reveals one of the many Soros/Jarrett/owe-bama regime 'dirty little secrets;'  the obfuscation first:
Treasury Secretary Timothy Geithner formally notified Congress that the government would halt its investments in two federal pension plans so it won't exceed the borrowing limit.
That statement sounds serious, doesn't it?!?  It would be, if only it were true!!  Now, the 'dirty little secret:'
{*}This authority was confirmed way back in 1985 when then-Senator Bob Packwood asked the Government Accounting Office (GAO) this question:

The Treasury Department--hence, the Secretary of The Treasury--has the authority to prioritize it's debt obligations, i.e., interest on the debt, Medicare and Medicaid obligations, et al, to the benefit of the American taxpayer.

{*}

"Can the Treasury prioritize payments in such a situation (reaching the debt limit)?
The GAO's response: 
YOU HAVE REQUESTED OUR VIEWS ON WHETHER THE SECRETARY OF THE TREASURY HAS AUTHORITY TO DETERMINE THE ORDER IN WHICH OBLIGATIONS ARE TO BE PAID SHOULD THE CONGRESS FAIL TO RAISE THE STATUTORY LIMIT ON THE PUBLIC DEBT OR WHETHER TREASURY WOULD BE FORCED TO OPERATE ON A FIRST IN-FIRST-OUT BASIS. BECAUSE OF YOUR NEED FOR AN IMMEDIATE ANSWER, OUR CONCLUSIONS MUST, OF NECESSITY, BE TENTATIVE, BEING BASED ON THE LIMITED RESEARCH WE HAVE BEEN ABLE TO DO.

IT IS OUR CONCLUSION THAT THE SECRETARY OF THE TREASURY DOES HAVE THE AUTHORITY TO CHOOSE THE ORDER IN WHICH TO PAY OBLIGATIONS OF THE UNITED STATES.

ON A DAILY BASIS THE TREASURY DEPARTMENT RECEIVES A NORMAL FLOW OF REVENUES FROM TAXES AND OTHER SOURCES. AS THEY BECOME AVAILABLE IN THE OPERATING CASH BALANCE, TREASURY MAY USE THESE FUNDS TO PAY OBLIGATIONS OF THE GOVERNMENT AND TO REISSUE EXISTING DEBT AS IT MATURES. SEE GENERALLY H.R. REPT. NO. 31, 96TH CONG., 1ST SESS. 9-10 (1979).
WE ARE AWARE OF NO STATUTE OR ANY OTHER BASIS FOR CONCLUDING THAT TREASURY IS REQUIRED TO PAY OUTSTANDING OBLIGATIONS IN THE ORDER IN WHICH THEY ARE PRESENTED FOR PAYMENT UNLESS IT CHOOSES TO DO SO. TREASURY IS FREE TO LIQUIDATE OBLIGATIONS IN ANY ORDER IT FINDS WILL BEST SERVE THE INTERESTS OF THE UNITED STATES.

    In this kerfuffle, the onus to "do what's right" is laid directly at the feet of Soros, Jarrett and/or owe-bama and by extension-their representative at the Treasury: "Turbo-Tax Tim" Geithner!!  Instead of 'doing what's right,' the 'SJO' regime and the socio-fascist owe-bamacRATs continue to use fear tactics on America's aging population to achieve a wholly-unnecessary increase in the spending limit!!
Til Nex'Time....{*}