Obama Warns Against Debt Limit Standoff
Tuesday, 26 July 2011 07:31
Posted by David Icke
'It's a dangerous game we've never played before, and we can't afford to play it now,” Bloomberg quoted Obama as saying on Monday.
“We can't allow the American people to become collateral damage to Washington's political warfare,” he went on to say.
The US Treasury Department says the country will not be able to pay all its financial obligations and will default on its debt for the first time in history on August 2, unless the $14.3 trillion debt limit is raised. Yet, no deal is yet in sight between the Republican and Democrat lawmakers in the Congress and Senate over the looming crisis.'
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