02/17/2011
https://www.presidency.ucsb.edu...
"He noted that only Congress has the authority to raise the debt limit."
"We can't make extortion routine as part of our democracy."
"We don't get to pick and choose based on which party likes what."
"We're not going to negotiate under the threat of economic catastrophe that economists and CEOs increasingly warn would result if Congress chose to default on America's obligations."