Tuesday, January 15, 2013

Obama warns of 'disaster' if House GOP doesn't raise debt ceiling (Another Obama disaster!)

Yahoo News ^ | 01/14/13 | Linda Feldmann

In the final press conference of his first term, President Obama called on House Republicans to pay the bills Congress has already racked up. He also reiterated that he will not negotiate over the debt ceiling. President Obama warned congressional Republicans Monday that a failure to raise the federal debt ceiling in the next several weeks would spell “disaster” for the US and global economies. And he reiterated his position that he will not negotiate over the debt ceiling. “These are bills that have already been racked up, and we need to pay them,” Mr. Obama said in the last presidential press conference of his first term. “So while I'm willing to compromise and find common ground over how to reduce our deficits, America cannot afford another debate with this Congress about whether or not they should pay the bills they've already racked up.”
(Excerpt) Read more at ca.news.yahoo.com ...

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