Today's Coming Crisis Movie

Monday, January 14, 2013

Obama warns Republicans if debt ceiling isn't raised, then American troops and Social Security checks won't be paid

President Obama warned Republicans on Monday against failing to raise the debt ceiling, saying the move would withhold money from American troops and Social Security recipients.

'They will not collect ransom in exchange for not crashing the American economy,' Obama said of House Republicans, many of whom have vowed to delay raising the debt ceiling until Obama commits to steep spending cuts.

'America cannot afford another debate with this Congress about whether or not they should pay the bills they have already racked up,' Obama continued.