Obama: “So there are plenty of ways out of this mess. But we are almost out of time. We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time, as we always have, bills that include monthly Social Security checks, veterans’ benefits and the government contracts we’ve signed with thousands of businesses. Keep in mind, if we don’t do that, if we don’t come to an agreement, we could lose our country’s AAA credit rating, not because we didn’t have the capacity to pay our bills, we do, but because we didn’t have a AAA political system to match our AAA credit rating.”
“And make no mistake, for those who say they oppose tax increases on anyone, a lower credit rating would result potentially in a tax increase on everyone in the form of higher interest rates on their mortgages, their car loans, their credit cards. And that’s inexcusable.”
Obama is stuck in his corner, realizes he is not dealing with losers, back out trying to make news, will never lead. Look at China’s growth today, the November trounce is coming on. Thank your Tea Party House member! America is tired of being lied to. If there is a default it will be Obama’s.