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Wednesday, October 16, 2013

Obama: Not Allowing Gov't To Borrow More 'Would Amount To A New Tax'

(CNSNews.com) - President Barack Obama used his Saturday radio address to press for an end to "this Republican shutdown" and for an increase in the debt limit.

"It wouldn't be wise," he said, "to just kick the debt-ceiling can down the road for a couple months, and flirt with a first-ever intentional default right in the middle of the holiday shopping season. Because damage to America's sterling credit rating wouldn't just cause global markets to go haywire; it would become more expensive for everyone in America to borrow money. Students paying for college. Newlyweds buying a home. It would amount to a new tax -- a Republican default tax -- on every family and business in America."

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2 comments:

  1. Always blaming it on someone else....

    You share the blame by not being willing to compromise!

    ReplyDelete
  2. I believe he mean OBAMA Default Tax.

    ReplyDelete

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