In spending wars, Obama strikes at Republican leverage


By David Lawder – Congressional Republicans, frustrated by the failure of earlier efforts to get President Barack Obama to agree to spending cuts, suddenly find themselves in a fight to keep their grip on the one tool they thought would give them better leverage: Their threat to block an increase in the government’s ability to borrow money next month.

Rather than dwell on the impact of debt default on credit ratings that many people don’t fully understand, Obama spoke instead of troops, retirees and air traffic controllers all being without their paychecks should Republicans make good on their threat. more> http://tinyurl.com/avox9pg

About these ads

One response to “In spending wars, Obama strikes at Republican leverage

  1. Pingback: The “Obama Money” Lady Returns | THE SCARECROW

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s