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Obama chides GOP on debt limit: ‘We are not a deadbeat nation’
President Barack Obama ratcheted up pressure on congressional Republicans to authorize an increase in the nation’s debt limit, warning of potentially
U.S. President Barack Obama faces reporters during his first news conference since he was re-elected, at the White House in Washington November 14, 2012.Reuters
By
Steve Frank
President Barack Obama ratcheted up pressure on congressional Republicans to authorize an increase in the nation’s debt limit, warning of potentially catastrophic results for many Americans and the overall economy if the U.S. were to default on its obligations.
“The issue here is whether or not America pays its bills,” Obama said at a press conference on Monday, the last of his first term in office. “We are not a deadbeat nation.”
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