“In “off-the-cuff” remarks at the Business Roundtable in Washington, D.C, today, President Barack Obama was firm in a stance that he would not be “playing that game” of negotiating the raising of the debt ceiling. He said a rise in the debt ceiling would have to be a part of a deal to avert the so-called “fiscal cliff.”
Obama quoted John Engler, the president of the Business Roundtable, who charged in November that it’s “not a good weapon for anything except destroying our own credit rating.”
“That is a bad strategy for America, it’s a bad strategy for your businesses and it is not a game I will play,” Obama said. “We are not going to play that game again next year. We’ve got to break that habit before it starts.”
If you enjoy the content at iBankCoin, please follow us on Twitter
