Obama warns of default, blames Republicans

By CNN Political Unit

Oct. 14, 2013
Washington (CNN) – Speaking at a local food pantry, President Barack Obama on Monday acknowledged the Senate has made “some progress” in a deal to reopen the government and raise the nation’s debt ceiling.

But he was not entirely confident the deal would be reached before Thursday’s deadline, when the Treasury Department says it will no longer be able to pay all of the government’s bills.
The president said “we stand a good chance of defaulting” if “Republicans aren’t willing to set aside some of their partisan concerns,” adding that a default would have a “potentially devastating effect on our economy.”

On the Columbus Day holiday, Obama visited Martha’s Table, a food pantry in Washington that provides groceries, as well as daycare, after-school and summer programs.

“Part of the reason I’m here today is because we’ve got a lot of volunteers here who are furloughed federal workers,” the president said, wearing a green Martha’s Table apron. “And yet they’re here contributing and giving back to the community, and I think that shows the kind of spirit that we have among all kinds of federal workers all across the country.”

Senate Majority Leader Harry Reid told reporters on Monday after meeting with his Republican counterpart that a deal was closer to end the partial government shutdown and avoid a default as soon as Thursday.
Separately, House Speaker John Boehner and other top House GOP leaders will meet Monday to discuss their options and consider preparing their own bill to raise the debt ceiling.

The president meets with Reid, Senate Minority Leader Mitch McConnell, House Speaker John Boehner and House Minority Leader Nancy Pelosi later on Monday.

“This week we’ll be entering into the third week of a government shutdown that was completely unnecessary,” he said, mentioning that he’ll be meeting with congressional leaders. “I am going to once again urge them to open the government and make sure the United States’ government is paying its bills.”

He added, “The problem is that we’ve seen this brinkmanship as a strategy time and time again to try to extract extreme or partisan concessions.”
Republican Sen. Rand Paul on Sunday agreed the government should not pass the debt ceiling deadline, but argued the president has been trying to “scare people” in his warnings about the consequences of a government default.

“It’s irresponsible for him to scare people,” he said on CNN’s “State of the Union.” “He should be the opposite. The leader of the country should be soothing the markets and saying we will always pay the interest on our debt.”

– CNN’s Jim Acosta and Ashley Killough contributed to this report. 

7 Comments on this post.

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  • Jorge Buesa
    15 October 2013 at 8:47 am - Reply

    Oh Obama stop it, don’t blame the Republicans ? Blame yourself because you Obama we voted for to lead us the right way and guess what ? You didn’t do Jack shit nothing for America that is right with the people that voted for you ? So blame youself for all the false information you have given to the Americans that voted for you ? The Gop is right about you a NOBODY BUT WORDS ! !

  • Delia
    15 October 2013 at 12:12 pm - Reply

    When Obama can’t dazzle ‘us with brilliance, he baffles ‘us with bulls sh–t. And after so many bafflings, we come to realize what he is full of.

  • va
    15 October 2013 at 12:39 pm - Reply

    Oh STOP IT ! It’s both the damn Reps and Dems fault… we all voted for them to run and govern this country and they can’t even put their heads together on this issue… We all have a piece on this mess…

    • Jorge Buesa
      15 October 2013 at 6:07 pm - Reply

      Hey va, next time around don’t vote them ? Your better off voting for a dog catcher ? Not this clowns ?

  • Mau
    15 October 2013 at 7:34 pm - Reply

    DAMN republicans protecting the rich people.. Why are you guys mad to Our president Obama he didn’t create the bills it was the DAMN BUSH… Duh! Think people… You guys hate him cause he’s black.

  • JT
    15 October 2013 at 10:16 pm - Reply

    Obama, on Oct 16 debt ceiling date,you should bankrupt/destroy the economy asap.., follow your idol FDR, he used IRS, wire tap his political enemy and a 3-term President. You have 2 billion ammo plus 10,000 armor car ready. Create financial and political chaos, then blame the Republican as extortionist and terrorist, .You have reason now to declare Martial law. and be a 3rd term or forever President………

    • Delia
      16 October 2013 at 1:07 pm - Reply

      JT, what a scary thought , did philippine citizen benefited when Marcos declared Martial Law ?