Obama Contradicts Himself, Tells Banks America Won’t Default Even If Debt Limit Isn’t Raised

Publicly, the Obama administration’s line in the sand on the debt limit is August 2nd. At that date, according to Obama, the nation will be unable to continue making payments on the national debt.

But privately the Obama administration seems to be singing a different tune with the President telling bankers in private calls that the nation won’t default on its debt even if the debt ceiling isn’t raised.


Conservatives have argued for some time now that the August 2nd deadline is mere political theater, and that the nation could continue paying on its debt obligations past that deadline though such payments would require spending cuts elsewhere. Liberals have repeatedly stuck to the line that the deadline means default.

Obviously Obama is saying one thing to the public, no doubt to literally scare up support for raising the debt ceiling, and another thing privately.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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