In response to:

Obama: "We Are Not a Deadbeat Nation"

rauljg69 Wrote: Jan 14, 2013 3:55 PM
The FACT still remains: Raising the debt ceiling does not authorize us to spend more. All it does is say that America will pay its bills.
sheepdogII Wrote: Jan 14, 2013 4:07 PM
Question for you. When you max out one credit card, do you get another one to pay off the one you maxed out?
DSMike Wrote: Jan 14, 2013 3:58 PM
And what historical time are you pointing to when we gave our Congress more money that they did not in turn spend?

President Obama used his characteristically demagogic and dishonest press conference today to attack Republicans and insist that he will not negotiate over the impending expiration of America's debt limit.  In response to a question from NBC's Chuck Todd, Obama declined to fully rule out unilateral action on hiking the debt ceiling; he lashed out at the GOP, warning that their (popular) demand of dollar-for-dollar spending cuts could damage the economy, prevent the country from paying its bills, and further erode "the full faith and credit" of the United States: