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notageek
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Joined: 05 Jun 2008
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PostPosted: Tue Jan 15, 2013 8:20 am    Post subject: Obama strikes at Republican leverage Reply with quote

http://www.reuters.com/article/2013/01/15/us-usa-fiscal-leverage-idUSBRE90E06520130115

Quote:
Rather than dwell on the impact of debt default on credit ratings that many people don't fully understand, Obama spoke instead of troops, retirees and air traffic controllers all being without their paychecks should Republicans make good on their threat.

"If congressional Republicans refuse to pay America's bills on time, Social Security checks and veterans' benefits will be delayed," Obama said.

"We might not be able to pay our troops, or honor our contracts with small business owners. Food inspectors, air traffic controllers, specialists who track down loose nuclear material wouldn't get their paychecks.

"....Markets could go haywire. Interest rates would spike for anybody who borrows money - every homeowner with a mortgage, every student with a college loan, every small business owner who wants to grow and hire."

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pjp
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Joined: 16 Apr 2002
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PostPosted: Wed Jan 16, 2013 12:04 am    Post subject: Reply with quote

As a Congressman, Obama opposed irresponsible raising of the debt ceiling. As President, he has acknowledged overspending as an issue. Why are the unbiased jurinalists ignoring Obama's failures, lies & hypocrisies? I think Romney estimated way too low on the 47% figure.
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