President Obama used his weekly address to talk about the bipartisan agreement between Democrats and Republicans that averted the “fiscal cliff.” He thanked both sides for working together and putting the American people first.
The President also warned that not working together on future problems – like the upcoming debt ceiling – could lead to catastrophic outcome not only for the United States economy, but for the worldwide economy as well.
And as I said earlier this week, one thing I will not compromise over is whether or not Congress should pay the tab for a bill they’ve already racked up. If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. The last time Congress threatened this course of action, our entire economy suffered for it. Our families and our businesses cannot afford that dangerous game again.