Although the President will be returning for a second term he held his final press briefing of his first term today. He used it as a way to kick start talks about the financial situation of our country in particular the national debt and the impending debt ceiling. He wasted little time when talking about his views on the debt ceiling saying that it was not up for negotiation because by not raising it we are telling the world we are not a "safe bet" and it would mean that we won't pay our bills. He made the point that the debt ceiling must be raised to pay the bills Congress has already incurred Meaning we have already bought these things and now have to pay. So in truth there is no room to negotiate because we have already spent the money and now the bill has come and need to pay it, in order to pay it we need more money and need to borrow it so in order to borrow it we need to raise the debt limit. He is right that it is cut and dry.
He set the stage for more future attacks on the Republicans party if it does not raise the debt ceiling. This puts the ball in their court.
For You To Watch: A Link To The Final Press Briefing
-http://www.c-span.org/Events/Pres-Obama-Discusses-Debt-Ceiling-and-Gun-Control/10737437244-1/
Further Reading:
-http://www.politico.com/story/2013/01/obama-press-conference-no-ransom-for-raising-debt-ceiling-86144.html?hp=t1_3
He set the stage for more future attacks on the Republicans party if it does not raise the debt ceiling. This puts the ball in their court.
For You To Watch: A Link To The Final Press Briefing
-http://www.c-span.org/Events/Pres-Obama-Discusses-Debt-Ceiling-and-Gun-Control/10737437244-1/
Further Reading:
-http://www.politico.com/story/2013/01/obama-press-conference-no-ransom-for-raising-debt-ceiling-86144.html?hp=t1_3