Obama: Shutdown Will ‘Throw Wrench Into Economy’

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obanPresident Barack Obama is ramping up pressure on Republicans to avoid a post-midnight government shutdown. He says a shutdown would hurt the economy and hundreds of thousands of government workers.

He says it would “throw a wrench into the gears” of a recovering economy.

He urges the House to pass a short-term spending bill free of any conditions that would weaken the nation’s 3-year-old health care law.

Obama spoke Monday after the Senate rejected a House proposal to delay implementation of the health care law. House Republicans were preparing to vote on another stop-gap spending measure, this one putting off a requirement that people must obtain health insurance.

The White House issued a veto threat to that proposal shortly after GOP leaders proposed it.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

President Barack Obama says he’s “not at all” resigned to a government shutdown. He says he expects to speak to congressional leaders during the day and in ensuing days to address budget and debt impasses.

The president addressed the looming shutdown after meeting with Israeli Prime Minister Benjamin Netanyahu (neh-ten-YAH’-hoo). He also planned to speak from the White House briefing room Monday afternoon.

Obama’s remarks follow the Democratic-led Senate’s rejection Monday of a short-term spending proposal passed by the House. It contained a one-year delay on the nation’s health care law.

The two chambers are trying to reach an agreement to avert a shutdown looming at midnight Monday.

The spending fight is a prelude to a bigger confrontation over the nation’s credit limit, expected to hit in mid-October.

(AP)


7 COMMENTS

  1. Funny guy this Obama guy. He finally shows up to try and do something about the crisis. As in the past he waits till the very end and then tries to bully his way around. He had all the time to play golf yesterday and to speak to the new Iranian president but couldn’t find the time to roll up his sleeves and take care of the crisis.

  2. i’m waiting for the entire country to shutdown & collapse (like greece & many other countries) theres a limit how much longer Hashem can just watch his children-yes YOU-getting worse & worse R”L & not doing teshuva, not coming back together b’achdus etc…(can go on & on).

    HOW LONG CAN YOU HOLD YOURSELF IN & WATCH YOUR OWN CHILDREN NOT BEHAVING & JUST WATCH THEM GOING FROM BAD TO WORSE?…

    “The United States of America is now being transformed into a socialist country right before our very own eyes. The federal government will now control every aspect of our lives”

    That’s right, all our rights & freedoms will be taken away one by one, from metziza b’peh to sugary drinks etc… & soon we will not be able to live as free yidden R”L.

    there is only one way to save yourself now, GO TO ERETZ YISROEL & save yourself before its too late, there are many programs to assist anyone that makes aliya,-from the minute you get off the plane with nefesh b’nefesh all the way down to housing & wic etc…-sorry but if you think i’m breslev or a Zionist your making a big mistake. trust me for your sake & save yourself before its too late, many people before WWII stayed in Germany for many reasons (values or family or too comfortable there etc…) & look what happened cause they didn’t listen to the gedolim who said flee to Israel or the USA.

    may we all do teshuva very soon before we come upon another destruction like in the days of noach CHAS V’SHALOM

    May we all be in Yerushalyim ASAP with mashiach

  3. The economic impact will be primarily in the Baltimore-Washington Area (the 4th largest in North America), and then only if this ends up as unpaid leave. To the extent it reduces the deficit, it is good. It appears that Obamacare will quickly turn into a socialized medicine system such as found in Canada or the United Kingdom, which many Americans dislike (we like being able to pick our own doctors and follow whatever theories of medicine we want, rather than have the government tell us what to do) – and the House of Representatives is clearly within its constitutional right to refuse to fund something it doesn’t support (that right goes back to Magna Carta – after 900 years its pretty well established).

    This shows how strong America is. They aren’t fighting over patronage or perquisites – but over serious intellectual and policy issues. The separation of powers is supposed to work like this. It keeps any one group from getting too powerful. Note the ethnic diversity of both parties – another sign of America’s strength and stability. Those who find these sorts of constitutional arrangements to be too messy, should perhaps try place such as Cuba or North Korea where the decision is much more orderly.

  4. Interestingly, the Brisker Rav went to then-Palestine only because the spiritual persecution was worse there than in Eretz Yisrael even though the physical conditions were expected to be worse in E”Y than in Europe.

    Nowadays, recently, on the other hand, Rav Meshulam Dovid Shlit”A has written that it could come time to move back to Brisk given the (Zionist) persecution in Eretz Yisrael.

    So which gedolim have said to flee the USA (and to Israel, of all places, which, for starters, is neither physically nor spiritually secure)?