Either the businessman president doesn't understand basic economics or he is intentionally misleading the American public.
A group of House Republicans are arguing that that the nation's credit rating would actually be better if the United States defaulted on its debt.
Most Americans would love a situation where a financial institution paid them handsomely for repaying their debts, but that is precisely what Republicans expect from the American people.
The first beta-test of selling off a city to corporations began when an emergency manager in Detroit filed for bankruptcy, and it is a harbinger of the Republicans' plan for the federal government.
The rich are granted immunity from prosecution for robbing billions of dollars from millions of Americans and the poor are thrown in prison for missing a payment.
Toys R Us are headed for bankruptcy and dissolution that will earn Bain Capital Partners outrageous profits as they harvest another company under their supervision.
Americans are being held responsible for Republicans' debt for two unnecessary wars, costly prescription plan, tax cuts for the rich, and gifts to the oil industry.
Fitch ratings poked a huge hole in Republican talking points by warning that using the debt ceiling as a mechanism for fiscal discipline is ineffective and potentially dangerous.
There is an unspoken group of voters who are never talked about. These people have abandoned Mitt Romney, and have become Republicans for Obama.