Obama today again said he would not negotiate with
Republicans over the issue of raising the debt ceiling. However, he is willing to work with both
parties in Congress over ways to reduce the deficit.
Speaking to members of the Business Roundtable, Obama said
this in regard to the debt ceiling increase that Republicans are trying to tie
to repealing or delaying Obamacare and other policy changes they seek.
What I will not do is
to create a habit, a pattern, whereby the full faith and credit of the United
States ends up being a bargaining chip to set policy. It’s irresponsible. The
last time we did this in 2011, we had negative growth at a time when the recovery
was just trying to take off. And it would fundamentally change how American
government functions….I have responsibilities at this point not just to the
current generation but to future generations, and we’re not going to set up a
situation where the full faith and credit of the United States is put on the
table every year or every year and a half, and we go through some sort of
terrifying financial brinksmanship because of some ideological arguments that
people are having about some particular issue of the day. We’re not going to do
that.
See Obama’s full remarks here and at the link:
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