Obama Warns Republicans About Impending Economic Chaos if Budget Not Agreed

With a potential federal government shutdown looming, President Barack Obama warned congressional Republicans they could trigger “economic chaos” if they demand a delay of his health care law as the price for supporting continued spending for federal operations.

House Republican leaders were to meet Tuesday in hopes of finding a formula that would avoid a shutdown on Oct. 1 without alienating party conservatives who insist on votes to undercut the Affordable Care Act. Even more daunting is a mid- to late-October deadline for raising the nation’s borrowing limit, which some Republicans also want to use as leverage against the Obama administration.

“Are some of these folks really so beholden to one extreme wing of their party that they’re willing to tank the entire economy just because they can’t get their way on this issue?” Obama said Monday in a speech at the White House. “Are they really willing to hurt people just to score political points?”

The Republicans do not see it that way.

House Speaker John Boehner, who opposes the threat of a shutdown, said, “It’s a shame that the president could not manage to rise above partisanship today.” Obama, said Boehner, “should be working in a bipartisan way to address America’s spending problem, the way presidents of both parties have done before,” and should delay implementation of the health care law.

via Mainichi

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