Monday, January 14, 2013

Obama Demands Debt Limit Hike, Rejects Negotiations

(Fox News) President Obama on Monday warned congressional Republicans again that he will not negotiate over the debt ceiling, saying Washington must increase the limit to pay its bills and that such brinksmanship would be “absurd” and “irresponsible.”

“The issue here is whether Washington will pay its bills,” Obama said in the final press conference of his first term. “We are not a deadbeat nation.”

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In 2008, then-Senator Obama said that raising debt ceiling was "irresponsible" and "unpatriotic". But that was then.