Obama: No 'Magic Tricks' for Debt Ceiling
President rules out executive debt ceiling fix
By Kevin Spak, Newser User
Posted Jan 14, 2013 11:30 AM CST
President Barack Obama speaks about the debt limit in the East Room of the White House in Washington, Monday, Jan. 14, 2013.   (AP Photo/Carolyn Kaster)

(Newser) – Looks like President Obama really doesn't have a trillion-dollar coin up his sleeve—or any other crafty debt ceiling fix. At what he billed as the last press conference of his first term today, Obama was asked if he'd consider executive action—possibly invoking the 14th amendment—to raise the debt ceiling unilaterally. Obama ruled it out. "There's a very simple solution to this. Congress authorizes us to pay our bills," he said. "There are no magic tricks here. There are no loopholes. No easy outs."

"Everybody here understands this, this is not a complicated concept," he continued. "You don't go out to dinner, eat all you want, and then leave without paying the check." Obama was more willing to take executive action on gun control. "I'm confident that there's some steps that we can take that don't require legislation and are in my authority as president," he said, in response to a question on that. He added that he believes in the Second Amendment, and that "responsible gun owners ... don't have anything to worry about."

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Showing 3 of 136 comments
MisterPlinkett
Jan 14, 2013 10:26 PM CST
Apparently balancing the budget is a "magic trick." i'm so sick of this hypocrite, lying turd.
reallybig
Jan 14, 2013 6:46 PM CST
TRUTH BE TOLD ... Senator Obama "prophesied" himself, when he "quote" said on March 20, 2006, "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure." ... "America has a debt problem and a failure of leadership, Americans deserve better, I, therefore, intend to oppose the effort to raise America's debt." -- WHAT? -- This is the "official" Obama exact quote, and when Obama made it, he didn't know he was "prophesying" on his own leadership. -- QUESTION? -- Did Obama in 2006, blame Congress or Bush? -- QUESTION? -- IS it what Obama "quote" said it was, (a failure of leadership), or is he now just another black guy, blaming whites for his failures again? --- When will blacks stop blaming whites for their failures? -------- REALLY
Mr-G
Jan 14, 2013 5:59 PM CST
Mr. President, you got us so "Debt-Beats", that our children and grandchildren for sure will be "deadbeats" before they even start ...Get real!