Obama challenges GOP to compromise on debt
WASHINGTON (AP) — President Barack Obama raised the stakes Monday in talks aimed at preventing an unprecedented U.S. default, saying there would be no agreement if Republicans did not compromise and that he would not sign a short-term agreement.
“I don’t see a path to a deal if they don’t budge. Period,” the president said in a challenge to his political opponents, accusing Republicans of having a take it or leave it posture.
Asked whether or not he would veto legislation to increase the debt ceiling temporarily, the president said: “I will not sign a 30-day, or 60-day, or 90-day extension.” The White House later confirmed that Obama meant he would veto such a bill.
“This is the United States of America. And, you know, we don’t manage our affairs in three-month increments,” the president said.
Even before Obama was finished speaking, Republicans were disagreeing with his insistence that a deficit-trimming deal include cutbacks in tax breaks for the wealthy and some big corporations. While the news conference was under way, the office of House Speaker John Boehner, the top Republican in the House of Representatives, sent two emails to his news list saying tax hikes never should have been in the discussion.
At issue in the volatile debate is the strength of the U.S. economy and the political fortunes of Obama himself, as well as lawmakers, heading into next year’s elections. The administration warns of catastrophic economic results that would reverberate around the globe in addition to threatening the fragile recovery at home if the debt limit is not raised by Aug. 2, throwing the government into default for the first time.
The president warned that failure to reach agreement could create another recession and throw millions of Americans out of work, painting a picture of catastrophe if a partisan stalemate is not broken and Congress fails to act. He criticized politicians who say the debt ceiling does not need to be raised.
Galatians 4:9 “But now, since you know God, or rather have become known by God, how can you turn back again to the weak and bankrupt elemental forces? Do you want to be enslaved to them all over again?”
bankrupt >adjective 1 declared in law unable to pay one’s debts. 2 completely lacking in a particular good quality or value: morally bankrupt. >noun a person legally declared as bankrupt. >verb reduce to a bankrupt state.”
The people of this world are unable to pay the debt owed to our Creator Yahweh; it had to be paid by Christ; those in Christ of true faith are legally declared solvent in Yahweh’s eyes. The world of people who remain in darkness also remain morally bankrupt. All things in Father’s plan have dual meanings; as morals are bankrupt, thus the society they’ve created with the archenemy’s help will also become utterly bankrupt in the physical realm. But for those seeking salvation, these words should be upon their minds:
Psalm 69:18 “Draw near to me and redeem me; ransom me because of my enemies.” But for the wicked and the treacherous, they will come to know this:
Proverbs 21:18 “The wicked are a ransom for the righteous, and the treacherous, for the upright.”