U.S. Rep. Michele Bachmann (R-MN) called President Barack Obama’s warnings about Congress failing to raise the debt ceiling a "scare tactic." Sarah Palin urged fellow conservative Tea Party Republicans to "reload" rather than meet Obama half way on raising the debt ceiling.
Mitt Romney insisted that a controversial Balanced Budget Amendment be part of any deal.
Today we can see why Obama urged Congress to act and raise the debt ceiling as was done 69 other times since 1962. Global financial markets are in turmoil, Wall Street is poised for another down day, with the Dow already down more than 330 points at the time of this posting, and average Americans are worried about what it all means to their bottom line.
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