President Obama On Shutdown: GOP Threatening To Burn The House Down

The president warned today that if Congress refuses to raise the debt ceiling, America would not be able to meet its financial obligations for the first time in 225 years.

President Barack Obama at the White House, Oct. 8, 2013.  Photo/Getty Images
President Barack Obama at the White House, Oct. 8, 2013. Photo/Getty Images
In a speech delivered Tuesday at the White House by President Barack Obama, there were tough words for Republicans regarding the partial government shutdown that is now in its second week.

"Think about it this way, the American people do not get to demand a ransom for doing their jobs. You don't get a chance to call your bank and say I'm not going to pay my mortgage this month unless you throw in a new car and an Xbox. If you're in negotiations around buying somebody's house, you don't get to say, well, let's talk about the price I'm going to pay, and if you don't give the price then I'm going to burn down your house. That's not how negotiations work. That's not how it happens in business. That's not how it happens in private life," the president said according to a full transcript posted by The Washington Post.

As the fight over raising the federal debt ceiling and ObamaCare continue, the president said he is very willing to discuss "anything" with members of the Republican party.

But he added, "having such a conversation, talks, negotiations shouldn't require hanging the threats of a government shutdown or economic chaos over the heads of the American people."

The president said it is not only he who has opened the door to the GOP.

"Senate Democrats have asked to sit down with House Republicans and hash out a budget but have been rejected by the House Republicans 19 times," he said, according to the transcript.

Obama also warned if Congress refuses to raise the debt ceiling, America would not be able to meet its financial obligations for the first time in 225 years. The president also outlined his definition of the debt ceiling.

"And because it's called raising the debt ceiling, I think a lot of Americans think it's raising our debt. It is not raising our debt. This does not add a dime to our debt. It simply says you pay for what Congress has already authorized America to purchase, whether that's the greatest military in the world or veterans' benefits or Social Security," he continued, according to the transcript.

The president blamed the current crisis on Tea Party Republicans and said actually permitting a default -- if it came to that -- would be "insane, catastrophic, chaos."

He also warned that in a government shutdown, "millions of Americans face inconvenience or outright hardship. In an economic shutdown, every American could see their 401(k)s and home values fall, borrowing cost for mortgages and student loans rise, and there would be a significant risk of a very deep recession at a time when we're still climbing our way out of the worst recession in our lifetimes.

"You know, the American people have already fought too hard and too long to come back from one crisis, only to see a handful of more extreme Republicans in the House of Representatives precipitate another one."

Following the president's speech, House Speaker John Boehner (R) promised there would be negotiation.

”This isn’t about me, and it’s frankly not about Republicans. This is about saving the future for our kids and our grandkids. The long and short of it is there is going be a negotiation here,” Boehner was quoted as saying in The Washington Post.

Click here to read the president's full speech. What are your thoughts?

Susan Leukhardt October 08, 2013 at 09:20 PM
When you have an out of control spending problem you don't raise the limit on the credit card. You will eventually go bankrupt.
George Wester October 09, 2013 at 02:29 AM
If you are unable to control your spending, you deserve to go bankrupt. The only problem is that the citizens get the short end of the deal. Common sense tells most of us that you don't pay ALL of your debts in one check, yet the Democrats insist on doing just that. Passing things piecemeal would get the job done and as far as the ACA (Obamacare) shouldn't everyone be held to it? NO exclusions. What's good for the goose is good for the gander, as the old saying goes. The are willing to destroy the nation to hold on to their own special interests in health care. SHAMEFUL
Paul Jacobs October 09, 2013 at 03:34 AM
By George I think you've got it! Health care is a special interest to the living and breathing. Families and nations share budget challenges, but households don't have the obligation of ongoing wars and attacks from mother nature. As far as the lame credit card analogy goes, we like to blame whomever is holding the credit card as opposed to whomever ran up the charges. Debts still need to be paid and that is all that the national debt ceiling is about. If a family could print money to avoid defaulting on a loan, they would. The United States of America has that luxury and is globally entrusted to go into debt for war and for economic hardship when needed. Uncle Sam says the bills must be paid without extortion or exception. That ain't nothing to play with.
Morgion October 09, 2013 at 10:28 AM
I wasn't a big fan of President Bush, but I recall when he wanted to raise the debt ceiling, Senator Obama at the time said "raising the debt ceiling is a sign of a failure in leadership." So I see nothing has changed.
Chester October 09, 2013 at 10:43 AM
Shutdown, I hadn't even noticed
Rob Murillo October 09, 2013 at 10:58 AM
They want to force us younger crowd to get medical insurance so we can flip the bill for the older crowd?? wait?? Didn't the older crowd already pay it out through social security and with holds? so why would we need to flip their bill?? "Oh.. You already spent their Money...?" LOL They need to understand that we have it worse than older generations before us due to inflation and soaring prices and stupid made up taxes that they claim will help the children but yet I have to pay for my boys to ride the School bus when our parents didn't have to pay for that! I talked to a neighbor and he said he purchased his first house in the 50's like $17k He said he didn't make a bad living for that era.. $800 a month as a plumber.. lol I told him that would be like me making $25k a month today, gas was only a few cents per gallon, and government fees, utilities were way less percentage wise then they were back then! After all this you say you want me to still flip your medical bills!??!
ChrisG October 09, 2013 at 12:02 PM
As usual the Republicans get outsmarted. I'm fine with the government shut down. The longer the better. Maybe the Citizens will wake up and realize life goes on without them. Instead of forcing a shut down which will backfire on them, the Republicans should force Obama Care to be implemented fully. That is the medicine the country needs. Let people see how screwed up health care will get. So far all we've experienced is increased costs. Wait until the managed care kicks in. The ACA will be an anchor around the necks of all who voted for it. My insurance rate has increased 180% since Obama Care passed. Affordable Care Act? Really? Can't wait to see how the quality of health care is affected if this is ever fully enacted.
SA October 09, 2013 at 12:42 PM
President Asshat is a baby … ACA is illegal / unconstitutional … The only reason that is has stuck is because if it did get shot down American would be considered racist and Asshat would cry…
Randall October 10, 2013 at 12:28 AM
Shame on the Patch for publishing this garbage. It won't be long before nobody's reading this site.
Steve Newman October 10, 2013 at 02:34 PM
Randall- what garbage are you referring to- the article or the comments.? People are entitled to express their opinions-if you don't concur- than please do, keep off the Patch.
Randall October 10, 2013 at 05:25 PM
I'm referring to the Obama propaganda. A number of bills to fund and re-open the government sit on Harry Reid's desk but he won't bring them up for a vote because, boo hoo, they don't fund the so-called Affordable Care Act. You know, the law of the land... well, for those of us who don't get a waiver.
Steve Newman October 10, 2013 at 06:52 PM
OK- got ya-I compared my current coverage/premium to Obamascare and the premiums would go up, deductibles would increase as well as out of pocket. So I'm sticking where I am- and I can see the same Doctor- no guarantee of that with Oman care. And I don't get a waiver either.
Becky Honkington October 10, 2013 at 07:02 PM
Steve- do you have your own individual policy or one sponsored through your employer?
Randall October 10, 2013 at 07:38 PM
Steve, lucky you. My last two doctors "retired" instead of registering as required under the ACA. Now I have a 5 month wait just for a referral. Meanwhile, Obama's golf courses are open.


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