Budget Extortion 09 October 2013

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"Members of Congress, and the House Republicans in particular, don't get to demand ransom in exchange for doing their jobs, he said. "And two of their very basic jobs are passing a budget and making sure that America's paying its bills.It is not raising our debt," Obama said of increasing the debt ceiling. "It simply says you pay for what Congress has already authorized America to purchase, whether that's the greatest military in the world or veterans' benefits or Social Security."President Obama

"The effects of any failure to repay the debt would be felt right away, leading to potentially major disruptions in financial markets, It could well be that what is now a U.S. recovery would turn into a recession or even worse." IMF's chief economist Olivier Blanchard

A "Nation Divided" by Jerry Pippin(jerrypippin.com)

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