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Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis.
"I think he's absolutely right that it's not going to happen without some spending cuts," the president told The Associated Press in an interview in his hometown, agreeing with House Speaker John Boehner's assessment.
Originally posted by Maxmars
Don't blame President Obama, he's just relaying the words of the Robber Barons at the central bank.
Let's face it, we are to owe them forever, for everything, without end, and never - ever - get out of the red.
But hey, are helping us towards that end...... more wars anyone? There's plenty to go around, and they'll be only to happy to make more.....
Originally posted by sonofliberty1776
Economic collapse gives us a chance to free ourselves from the shackles of debt slavery. I vote for the collapse.
Originally posted by Jepic
The more you raise the harder you fall.
Originally posted by 13th Zodiac
Cut spending ? but raise debt ceiling by borrowing more money ? Am I the only one who see's this as political double speak ? People should not worry about Government shutdowns , don't give them the choice .It's not their choice to make , it's your's .The people need to shut them down and shut them down for good !!!!!