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Obama stamps foot, demands no-limit credit card
12/05/2012
Neil Munro
President Barack Obama says he wont come out of his room to negotiate his governments allowance until Congress gives him a credit card with no spending limit.
If Congress in any way suggests that theyre going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation I will not play that game, Obama huffed to a room full of business executives, whose own prosperity rests on proper management of their budgets and on staying within their credit limits.
In 2011 and 2012, Obama complained repeatedly after he was forced to temporarily curb his spending plans in exchange for Republicans agreement to further raise the the executives credit limit on the international money market.
Last year, the GOPs pressure caused a catastrophe he said, suggesting that the GOP was responsible for the federal governments credit-downgrade in August 2011.
Republicans, including House Speaker John Boehner, have said repeatedly said that Obama will have to pay a political price such as curbs in his spending plans for future credit-limit increases. On Dec. 5, Boehner emphasized the point by saying Obama has boosted the nations growing debt to $50,000 for every man, woman and child.
On Nov. 29, Obama declared to the House GOP leadership that he wants them to effectively give up Congress ability to limit borrowing by the Treasury Department.
He reiterated that demand Wednesday, and declared that he would not negotiate with Republican leaders over another incerease in the federal governments spending ceiling.
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Obama stamps foot, demands no-limit credit card | The Daily Caller