"2 million Americans who are out of work but out there looking, pounding the pavement every day, are going to continue to receive unemployment benefits as long as they’re actively looking for a job."
Republicans broke sharply from that script in August 2011, when they demanded spending cuts equal to the amount that the limit would be raised. The ensuing standoff brought the nation to the brink of default and led to the first-ever downgrade of the country’s credit rating—but also to historic spending cuts, signed into law by Obama. Top Republican lawmakers have said publicly that this time they may be willing to partially shut down the government to secure more reductions.
If President Obama along with congressional lawmakers truly feels, the American public has suffered enough, why not invoke the constitutional right of the nation to put an end to it?
14th Amendment: The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
“Our economy is growing and our businesses are creating new jobs, so we are poised for a good year if we make smart decisions and sound investments” and so long as Washington politics “don’t get in the way.”