Obama insists on no negotiations over debt limit

His way or the Highway??? NO WAY!!!!

This is a strange position to hold. Most voters understand that the debt limit has always been a source of negotiations - even when Democrats ran the House. And given that cutting the budget is very popular, it would appear that if Obama thinks he's standing on principle in not negotiating, it's not going to win him any points with the people.

Reuters:

President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the U.S. debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.

The U.S. Treasury is expected to exhaust measures to avoid exceeding the $16.7 trillion debt limit as soon as mid-October. If the cap is not raised, the United States will not be able to pay all of its bills and would go into default.

Pivoting to domestic policy after devoting weeks to the crisis in Syria, Obama scolded his political opponents for threatening a federal government shutdown and attempting to attach conditions to funding the budget for the 2014 fiscal year that begins October 1.

Via: American Thinker

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