Is the American public being played upon? Or is Obama correct in saying the dept ceiling is being used as a weapon in the budget debate. We are presented with a history of the National debt here in this posting by Newt Gingrich. Much of which I do remember – and how it (the debt ceiling) was used a a negotiating chip in budget battles by past Presidents. You be the judge….
CNN
As an historian and a former speaker of the House who negotiated successfully through two government shutdowns, a successful welfare reform bill, the first tax cut in 16 years and four balanced budgets, I am offended and a little frightened by President Barack Obama’s deliberate dishonesty about the debt ceiling.
On Wednesday, speaking to the Business Roundtable, Obama said:
“You have never seen in the history of the United States the debt ceiling or the threat of not raising the debt being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt.”
Full story: CNN
Right or wrong in America 