“We are not going to pay a ransom for America paying its bills.” ~ President Obama

The 8-day old U.S. government shutdown has been described as ‘a game of chicken‘. Today at a press conference, President Obama announced that he spoke with House Speaker John Boehner and told him that “Hanging the threat of economic chaos over the heads of the American people should not be part of any discussion about the government shutdown.”  That certainly set the stage for what is now clear: the president is not blinking as of right now on the issue of the debt ceiling and defaulting on the nation’s debt.… [Read more]