(Image source: The New York Times)

 

 

BY ZACH TOOMBS

 

 

In his final news conference of his first term, President Barack Obama drew a hard line in the sand in the ongoing debate over raising the U.S. debt ceiling. WNBC has his comments.

 

“Raising the debt ceiling does not authorize more spending … If Congressional Republicans refuse to pay America’s bills on time, Social Security checks and veterans’ benefits will be delayed.” [Video: WNBC]

 

Raising the $16.4 trillion borrowing limit indeed only allows payment on spending commitments the federal government has already made. [Photo: The New York Times]

 

But Republicans say the attention brought to the national debt as the U.S. approaches that debt ceiling makes this the optimal time to deal with spending cuts. [Photo: The Washington Post / Bloomberg]

 

Those cuts were put off by Congress earlier this month — when lawmakers chose to deal with the tax issue, and leave the rest of the debate over the fiscal cliff to a later date. Republicans would like to have that talk now — and some of them aren’t against the idea of a government shutdown if necessary.

 

“Treasury has been, quote, using extraordinary measures to keep the u.s. government running. so now this is in the hands of Congress.” [Video: CNN]

 

“The Obama administration says the only answer is to either default or raise the debt ceiling. Republicans insist they will only agree to do that if the president agrees to matching spending cuts.” [Video: Bloomberg]

 

It could all shape up into a repeat of the dysfunctional discussions that took place in August 2011. When lawmakers almost failed to raise that debt ceiling, the U.S. saw its first credit downgrading in history. 

 

Conservative criticism of the president’s remarks was pretty clear — that Mr. Obama was leaving no room for negotiation — rejecting talks with Republican leaders.

 

The president also touched on gun control and immigration in the news conference. Those are both topics expected to top Mr. Obama’s agenda in his second term.

Obama: GOP Won’t Get 'Ransom' for Raising Debt Limit

by Zach Toombs
0
Transcript
Jan 14, 2013

Obama: GOP Won’t Get 'Ransom' for Raising Debt Limit

(Image source: The New York Times)

 

 

BY ZACH TOOMBS

 

 

In his final news conference of his first term, President Barack Obama drew a hard line in the sand in the ongoing debate over raising the U.S. debt ceiling. WNBC has his comments.

 

“Raising the debt ceiling does not authorize more spending … If Congressional Republicans refuse to pay America’s bills on time, Social Security checks and veterans’ benefits will be delayed.” [Video: WNBC]

 

Raising the $16.4 trillion borrowing limit indeed only allows payment on spending commitments the federal government has already made. [Photo: The New York Times]

 

But Republicans say the attention brought to the national debt as the U.S. approaches that debt ceiling makes this the optimal time to deal with spending cuts. [Photo: The Washington Post / Bloomberg]

 

Those cuts were put off by Congress earlier this month — when lawmakers chose to deal with the tax issue, and leave the rest of the debate over the fiscal cliff to a later date. Republicans would like to have that talk now — and some of them aren’t against the idea of a government shutdown if necessary.

 

“Treasury has been, quote, using extraordinary measures to keep the u.s. government running. so now this is in the hands of Congress.” [Video: CNN]

 

“The Obama administration says the only answer is to either default or raise the debt ceiling. Republicans insist they will only agree to do that if the president agrees to matching spending cuts.” [Video: Bloomberg]

 

It could all shape up into a repeat of the dysfunctional discussions that took place in August 2011. When lawmakers almost failed to raise that debt ceiling, the U.S. saw its first credit downgrading in history. 

 

Conservative criticism of the president’s remarks was pretty clear — that Mr. Obama was leaving no room for negotiation — rejecting talks with Republican leaders.

 

The president also touched on gun control and immigration in the news conference. Those are both topics expected to top Mr. Obama’s agenda in his second term.

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