- Russia would be able to occupy Baltics in two days- Czech general
- Russia Stations Iskander Missiles in Kaliningrad: NATO Cries Wolf
- Russia Is Set to Triple Nuclear Supersonic Bomber Force
- GDP report expected to show economy shrank
- NORAD jets train in Arctic as Russian flights close to North America increase
- Can the renminbi beat the dollar for currency supremacy?
- ECB warns of contagion risk as Greece delays continue
- IMF’s Lagarde considers Greek exit from eurozone a possibility
- ECB fears ‘abrupt reversal’ for global assets on Fed tightening
President Obama: Republicans Opposing Debt Limit Increase Are ‘Deadbeat’
Setting the stage for the looming debt debate, President Obama today accused his Republican opponents of being “deadbeat” for refusing to raise the nation’s debt limit this fall without cuts in spending.
“Threatening that you won’t pay the bills in this country when we’ve already racked up those bills, that’s not an economic plan,” the president said. “That’s just being a deadbeat.”
Obama is aiming to reframe the public debate with a series of speeches highlighting his economic agenda and blasting Republicans for standing in the way of progress before the familiar deficit negotiations begin anew.
Republicans have criticized the president’s campaign, saying it’s long on promises and short on substance.
“At some point, campaign season has to end and the working-with-others season has to begin,” Senate Minority Leader Mitch McConnell, R-Ky, said on the floor of the Senate today. “At some point, you have to stop promising an ‘ocean of tomorrows’ and start actually working with the representatives of the people. Because let’s be clear: Americans aren’t worried about how many tomorrows there are to come, they’re worried about what those tomorrows will bring.”
Today, Obama, speaking at the Port Authority in Jacksonville, Fla., said the House Republican budget is a “bad bargain for the middle class.”