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Obama wants action on government's borrowing limit

President Obama praised in the last minutes of trading, pull countries people back into the "fiscal cliff", but he warned that he "won't compromise" in his insistence, congress to remove the federal debt ceiling.
Obama said in his radio and the Internet address (Saturday), in wealth cliff trading, approved by congress in New Year's day and signing (Thursday), increased tax on the richest americans, and at the same time, to prevent a middle class tax increase, may have thrown back into the economy recession.
Behind him in a crisis, Obama in congress faced with new battle the $16.4 trillion loan limit increase, and the reduction of more than $10 billion to be automatic cut costs of military and domestic project. The job cuts delayed two months of compromise.
Lawmakers commitment, to replace the more specific measures, may need more time to implement comprehensive cuts.
Obama from Hawaii, where he and his family, he said he would consider to cut spending and raise taxes to cut the deficit.
But he said he won't compromise, he insisted that congress ascension debt ceiling. The last congress threat on the debt ceiling inaction, in 2011, the country's credit rating has been demoted.
"If the United States congress refused to give the ability to pay the bills on time, the consequences of the global economy could be disastrous," Obama said. "Our family and our enterprise can't afford dangerous game."
If both sides of the elected officials "focus on the interests of the party's interests, in our country, I believe that we can cut costs and increase revenue way, reduce our deficit and protection of the middle class," Mr Obama said the horse.
Michigan Congressman camp David in the republican address, said, his eyes again to debt ceiling, "we have to make sure that liability method to solve America's wasteful spending.
Americans all know, "kemp said," when you have more money in your account and your credit card is maxed out, then spending must stop.



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Obama wants action on government's borrowing limit