It take a huge pair of gonads to say this stuff, but he keeps getting away with it.
President Obama signaled Saturday that he wouldn’t accept the Republicans’ offer for a short-term increase in the nation’s debt limit.
“It wouldn’t be wise, as some suggest, to just kick the debt ceiling can down the road for a couple months, and flirt with a first-ever intentional default right in the middle of the holiday shopping season,” Obama said in his weekly address.
“Because damage to America’s sterling credit rating wouldn’t just cause global markets to go haywire; it would become more expensive for everyone in America to borrow money. Students paying for college. Newlyweds buying a home,” he said.
Our sterling credit rating, says President Downgrade. Not only that, it’s the Republicans who want a tax increase, and only our fearless leader is there to stop them.
Obama claimed that the damage to interest rates from failing to pass a long-term debt ceiling hike would create a “Republican default tax” on families and businesses.
But ObamaCare? Why, that’ll save you all money.
“Manufacturing crises to extract massive concessions isn’t how our democracy works, and we have to stop it,” Obama said. “Politics is a battle of ideas, but you advance those ideas through elections and legislation – not extortion.”