Obama: Health Law Delay Will Mean 'Economic Chaos'

Ad Feedback

As the United States faces another possible government shutdown, President Barack Obama said Tuesday he will not negotiate over the extension of the debt ceiling.
    
He warned Republicans would cause "economic chaos" if they demand a delay on funds for the Affordable Care Act.    
 
"The problem is, at the moment, Republicans in Congress don't seem focused on how to grow the economy and build the middle class," the president said in a speech at the White House.
 
"Are they really willing to hurt people just to score political points?" he challenged.

Should Americans be worried that lawmakers aren't coming to an agreement? Bill Frezza, a Boston-based venture capitalist and a fellow at the Competitive Enterprise Institute, addressed that question and more on CBN's "Newswatch," Sept. 17.
  
Republican leaders, while asking for spending cuts, have also expressed a desire to negotiate.
 
While some conservatives supported by the Tea Party have been making shutdown threats, Sen. Rand Paul of Kentucky said Monday that was "a dumb idea."
 
"We should fight for what we believe in and then maybe we find something in between the two," Sen. Rand Paul, R-Ky., said at a community meeting in Louisville, Ky.
 
"I am for the debate," he continued. "I am for fighting. I don't want to shut the government down, though. I think that's a bad solution."
    
House GOP leaders hope to make a decision this week on advancing a temporary spending measure to prevent a shutdown.
  
The president's remarks came a day after the fifth anniversary of the beginning of the financial crisis.
    
While unemployment has dropped and the housing market is slowly recovering, the income gap between the very rich and the rest of the population is the biggest since 1928.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.