Congressional Republicans and President Obama

President Obama: It was just a few years ago that congressional Republicans, for the first time in American history, pushed the nation to the brink of default, holding the debt ceiling hostage and threatening to crash the economy on purpose unless President Obama met their demands. GOP leaders said the self-imposed crisis was absolutely necessary: the deficit was dangerously large, they said, so they felt compelled to prioritize deficit-reduction measures, by any means necessary. It was a weird time. House Budget Committee Chairman Paul Ryan R-Wis. , taken seriously by much of the Beltway, ran around arguing that Obama had created a debt crisis . GOP lawmakers routinely hit the Sunday shows, pointing to the deficit and crying that the president was turning the United States into Greece . Mitt Romney hit the campaign trail with a campaign-made giant, green, glowing debt clock , in order to focus voters on the most pressing issue right now. (news.financializer.com). As reported in the news.