Pete the Banker: President Obama Issues Red Line on Debt Ceiling

September 16, 2013

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Obama Hypocrisy?  The Debt Ceiling must be raised – No discussion, No contingencies

President Obama issues red line to Republicans on debt ceiling, refusing to negotiate.
President Obama issues red line to Republicans on debt ceiling, refusing to negotiate.

“What I haven’t been willing to negotiate, and I will not negotiate, is on the debt ceiling,”

Obama said in an interview with the ABC News aired Sunday.

After making that unilateral statement the President drew a red line with Congress, suggesting lack of Congressional compliance with his mandate was “irresponsible”.

“I cannot remember a time when one faction of one party promises economic chaos if it can’t get 100 percent of what it wants,” Obama said Monday. “That’s never happened before.” 

So one party, the President dictates raising the debt ceiling or else.  Apparently in the President’s own words is a precedent setting action.  No discussion, no conditions is allowed.  He is demanding of Congress that he receive 100% compliance.  Otherwise, apparently he will reign over economic chaos!

Bashar Assad got a better deal than that!

No hypocrisy there?????