President Barack Obama had some harsh words for legislators in a recent press conference centering on the debt issue, however, GOP lawmakers were not swayed to adopt tax hikes.
Republicans have refused to allow increases in taxes to be part of the debt ceiling talks, according to Fox News. Treasury Secretary Timothy Geithner has said that if the ceiling is not raised by Aug. 2, the country could default on its obligations.
House Speaker John Boehner (R-Ohio) said that the Republicans have been the party that has been serious about solving the financial situation that the United States is currently in, not the Democrats and Obama.
“His Administration has been burying our kids and grandkids in new debt and offered no plan to rein in spending,” Boehner said. “Republicans have been leading and offering solutions to put the brakes on this spending binge. The president has been AWOL from the debate.”
The government has so far been unable to offer much help to the country during its worst financial situation since the Great Depression, with the unemployment rate currently sitting at 9.1 percent.