Obama Not Interested In A Short-Term Increase To Debt Limit, Announces More Talks

The President said Tuesday that he was not interested in allowing a short-term increase to the debt limit.

In remarks he made to the press late Tuesday afternoon, President Barack Obama said he was not interested in allowing a short-term increase to the debt limit. Instead, he is inviting Congressional leaders to the White House on Thursday for more negotiations.

“Now, I’ve heard reports that there may be some in Congress who want to do just enough to make sure that America avoids defaulting on our debt in the short term, but then wants to kick the can down the road when it comes to solving the larger problem of our deficit. I don’t share that view,” The President said.

“That’s why, even as we continue discussions today and tomorrow, I’ve asked leaders of both parties and both houses of Congress to come here to the White House on Thursday so we can build on the work that’s already been done and drive towards a final agreement.”

In a press briefing following Obama’s remarks, White House Press Secretary Jay Carney said the President remains hopeful that an agreement can be reached before the U.S. Treasury’s stated deadline for default, Aug. 2.

“(W)e have been for a long time now pleased with the progress that has been made in the negotiations thus far, concerned about the urgency that everyone needs to feel to get to a final agreement, and optimistic that a final agreement can be reached,” Carney said.

“It’s my hope that everybody is going to leave their ultimatums at the door, that we’ll all leave our political rhetoric at the door, and that we’re going to do what’s best for our economy and do what’s best for our people,” Obama said.

Personal Liberty

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.