Jul 13, 2011

Obama Quotes on Debt

Below are some quotes from the president on the nation using debt.
"If we don't raise the debt ceiling and we see a crisis of confidence in the markets, and suddenly interest rates are going up significantly, and everybody is paying higher interest rates on their car loans, on their mortgages, on their credit cards, and that's sucking up a whole bunch of additional money out of the pockets of the American people, I promise you they won’t like that.

"Now, I will say that some of the professional politicians know better. And for them to say that we shouldn’t be raising the debt ceiling is irresponsible. They know better.
"And this is not something that I am making up. This is not something that Tim Geithner is making up. We’re not out here trying to use this as a means of doing all these really tough political things. I'd rather be talking about stuff that everybody welcomes -- like new programs or the NFL season getting resolved. Unfortunately, this is what's on our plate. It’s before us right now. And we’ve got to deal with it.
"So what you’re right about, I think, is, is that the leaders in the room here at a certain point have to step up and do the right thing, regardless of the voices in our respective parties that are trying to undermine that effort.

No comments:

Post a Comment

Infolinks In Text Ads

Total Pageviews

Powered by Blogger.

Dont Forget To Follow Us

Blog Archive