Blame Shifter: Obama Warns Of ‘Republican Default Tax’

In his weekly address — incorrectly labeled on the White House website as the week of July 12 —  President Barack Obama talked about the dangers of not meeting the country’s financial commitments, raising the debt ceiling and ending the “Republican shutdown.”

“I met with some really innovative small business owners on Friday who have already lost contracts, lost customers and have put hiring on hold,” said Obama. “Because the pain of this Republican shutdown has trickled down to their bottom lines.”

“It’s hurting the very citizens that our government exists to serve. That’s why a growing number of reasonable Republicans say it should end now,” continued Obama.

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Obama stated that the shutdown has curbed conversation about moving the country forward, and mentioned that in the past three-and-a-half years the U.S. has created 7.5 million new jobs and cut deficits in half.

“It wouldn’t be wise,” he said, “to just kick the debt-ceiling can down the road for a couple months, and flirt with the first-ever intentional default right in the middle of the …

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