President Obama delivers a statement from the James S. Brady Press Briefing Room in the West Wing of the White House. October 8, 2013.
130 Republicans Who Are In Congress Today Voted To Hike The Debt Ceiling Under Bush Without Hostage Threats
There was a time when House Republicans chose not to threaten the nation with default to get their agenda passed.
White House and congressional negotiators are currently in the process of striking a deficit reduction deal, as most Republicans in Congress are refusing to raise the federal debt ceiling without deep cuts to public investments and social insurance programs like Social Security and Medicare. By doing so, these Republicans are essentially holding the country hostage, threatening the United States with default unless Democrats agree to these cuts.