Obama: 'If We Don't Raise the Debt Ceiling, We're Deadbeats'

Obama: 'If We Don't Raise the Debt Ceiling, We're Deadbeats'

On Friday, President Barack Obama told workers at a Ford plant in Liberty, Missouri, “if we don’t raise the debt ceiling, we’re deadbeats.” 

Obama’s comments come as he and Republicans square off over the budget and the raising of the nation’s debt limit. 

“If we just pass the budget, raise the debt ceiling, we can get back to focusing on growing the economy and creating jobs, educating our kids–all the things we got to do,” said Obama. 

Obama told the automotive workers that “a faction on the far right of the Republican Party” have “convinced their leadership to threaten a government shutdown and potentially threaten to not raise the debt ceiling if they can’t shut off the Affordable Care Act, also known as Obamacare.” 

During the speech, Obama also announced that “in less than two weeks…out of every 10 Americans who are currently uninsured, six out of those 10 are going to be able to get covered for less than $100 a month–less than your cell phone bill.” 

Unless a deal is reached, the federal government will officially run out of money on October 1–the same day the Obamacare health exchanges open for business.