Is He Serious About Avoiding Default? Obama Opposes the House GOP’s Offer to Pay Debts First

President Obama himself has started to his latest round of fear-mongering, He has started to imply that the U.S, government might even default on its debt because of the current shutdown and debt ceiling issues. This is another rather preposterous statement, as the U.S still is receiving tax revenue, and these funds, in time of need, can be easily earmarked to pay our interest expenses on our current debt.

A President who really wants to limit the chance of default would take the GOP up on its Full Faith and Credit offer. Mr. Obama’s refusal suggests that his real goal is to go to the edge of default, gambling that he can then either coerce total surrender or blame a default on Republicans and use it to take back control of the House in 2014. 

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