Obama demands quick action to raise debt limit | US National Headlines | Comcast President Barack Obama demanded on Monday that lawmakers raise the nation's $16.4 trillion federal debt limit quickly, warning that "Social Security benefits and veterans' checks will be delayed" if they don't and cautioning Republicans not to insist on cuts to government spending in exchange. "They will not collect a ransom in exchange for not crashing the economy," he said at the 21st and final news conference of his first term. "The full faith and credit of the United States of America is not a bargaining chip. And they better decide quickly because time is running short." Obama the dictator "Demands" , we should demand he quits threaten the American people and quit bankrupting this Country.Spend and borrow-Spend and borrow, We now borrow 4 billion a day just to keep the lights on, Pure Insanity !