As a parent of five kids, I don’t allow my kids to do things at the last minute. I’m not a last minute person and I damn sure didn’t elect officials to drag their feet because they can.
President Obama tore Congress a new a** when he scolded them and told them his daughters Malia and Sasha have more discipline when doing their homework and meeting deadlines. He was referring to Congress failure to reach an agreement to raise the country’s $14.3 trillion debt ceiling by Aug. 2.
Let me just say right now, don’t come to this blog ready to bash Obama. Because I approve all comments and yours won’t be approved. This is not your outlet to rant and rave. It’s mine. Now if you’ve got something meaningful and constructive to say, then fine. Please do.
As reported by Matt Jaffe of ABC News, Obama said:
“If the United States government for the first time cannot pay its bills, if it defaults, then the consequences for the US economy will be significant and unpredictable and that is not a good thing,” President Obama said of the debt ceiling debate. “We don’t know how capital markets will react, but if capital markets suddenly decide, you know what, the US government doesn’t pay its bills so we’re going to start pulling our money out and the US Treasury has to start to raise interest rates in order to attract more money to pay off our bills, that means higher interest rates for businesses, that means higher interest rates for consumers. So all the headwinds that we’re already experiencing in terms of recovery will get worse. That is not my opinion – I think that’s the consensus opinion. And that means that job growth will be further stymied, it will be further hampered as a consequence of that decision.”
“These are bills that Congress ran up,” he noted. “The money’s been spent. The obligations have been made. So this is not a situation – I think the American people have to understand this – this is not a situation where you know, Congress is going to say, ‘Okay, we won’t buy this car or we won’t take this vacation.’ They took the vacation, they bought the car, and now they’re saying maybe we don’t have to pay or we don’t have to pay as fast as we said we were going to. That’s not how responsible families act. We’re the greatest nation on earth and we can’t act that way. So this is urgent and it needs to get settled.”
I sure wish I could buy fancy cars and take elaborate vacations and then say, oh hell with these bills! But the average American can’t do that. The average American is out of work and can barely make ends meet! But people who are already well-off don’t give a damn. And don’t say you do because if you do then drop a deposit on the right side at Atlanta Diaper Relief to help low-income families in need! This country is suffering and I can’t stand that our Congress is playing games! Do better!
Read more of this story HERE on ABC.com