Featured News

Obama, ‘Republicans Will Not Collect a Ransom in Exchange for Not Crashing the Economy.’

Here is the video:

President Obama delivered a strong message to House Republicans today. Obama said, ‘Republicans will not collect a ransom in exchange for not crashing our economy.’

The president listed the consequences of Republicans not deciding to pay our bills, including no Social Security checks, no veterans’ benefits, no pay for troops. He said,”Republicans will not collect a ransom in exchange for not crashing our economy.” Obama added later that, “The full faith and credit of the United States is not a bargaining chip.” The president said the United States pays our bills. Obama called the Republican flirtation with not raising the debt ceiling and defaulting absurd. The president used Speaker Boehner’s own 2011 quote about not raising the debt ceiling being a financial disaster against him, “That would be a financial disaster, not only for us, but for the worldwide economy.”

Chuck Todd asked the president if he was considering using executive action on the debt ceiling. The president answered, “The issue is whether or not America pays its bills. We are not a deadbeat nation. There is a very simple solution to this.” Obama then said Congress needs to authorize a raise of the debt ceiling. He said Congress authorizes spending. They have the spending power, so he is required by law in order to pay these bills.” The president said that Congress can’t tell him to spend X, but then deny him the ability to do so by not raising the debt ceiling. He said the way around this is for Congress to authorize him to pay for the spending that they have already authorized.

The president said that Congress can’t meet their own criteria for a spending cut dollar for dollar debt ceiling hike without slashing Medicare, Medicaid, and the defense budget. Obama said he will not have a negotiation on the debt with a gun at the head of the American people. The president said, “That is not how this has historically been done. It is not how it is going to be done this time.”

Obama made it clear that this fight is all about whether the United States of America is going to pay its bills. The president spent the press conference owning the message that people need to meet their obligations and pay their bills. After this press conference this morning, House Republicans seriously need to rethink their strategy of holding the nation hostage on the debt ceiling.

Instead of budging, President Obama is digging in for a serious battle. House Republicans are in way over their heads already, and they are fighting a battle that they have already lost.

Jason Easley

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements. Awards and  Professional Memberships Member of the Society of Professional Journalists and The American Political Science Association

Recent Posts

Trump Prepares To Debate Biden By Trying To End Bill Maher’s Career

Instead of preparing for the presidential debate, Trump is spending his time attacking Bill Maher…

3 hours ago

Trump To Waste His Time Campaigning In Virginia

Former President Donald Trump plans to return to Virginia for a campaign event on June…

21 hours ago

Biden Says No Domestic Abusers Should Get Guns While Trump Goes Silent

President Joe Biden put out a clear and strong statement agreement that domestic abusers shouldn't…

23 hours ago

Kamala Harris Blasts Weak Trump For Bowing Down To The Gun Lobby

Vice President Kamala Harris reacted to the Supreme Court ruling that domestic abusers can be…

1 day ago

Manhattan Prosecutors Says Trump’s Attacks Have Inspired Bomb Threats

Manhattan prosecutors have asked Judge Merchan to keep Trump's gag order in place due to…

1 day ago

Trump Has A Breakdown Over Biden Leading Fox News Poll

Donald Trump is watching his false narrative that he is leading all of the polls…

2 days ago