Obama says debt deal is 'an important first step'
August 2nd, 2011
01:13 PM ET
3 years ago

Obama says debt deal is 'an important first step'

Washington (CNN) - President Barack Obama calls the debt ceiling deal passed by Congress "an important first step for ensuring that as a nation we don't live beyond our means."


Filed under: Debt • President Obama
soundoff (15 Responses)
  1. Inmyopinion

    Thank you Speaker of The House, you got it done.

    August 2, 2011 01:17 pm at 1:17 pm |
  2. jim

    I bought an american flag over the weekend – it was made in China.

    August 2, 2011 01:18 pm at 1:18 pm |
  3. Rudy NYC

    Step two: Vote the Republicans out of office so that we can go about fixing this financial mess instead of keeping it alive until it overwhelms us.
    Step three: Undo the revenue imbalances put in place by George W. Bush.

    Welcome to my 3 step plan. Vote, Revamp, and Rebalance.

    August 2, 2011 01:21 pm at 1:21 pm |
  4. ConservaFASCISTS/Dutch, Bad Newz, VA

    Well Mr. President, it will be a wonderful first step when people in this country start paying their fair share and stop tax dodging. Hint Hint!!!

    August 2, 2011 01:23 pm at 1:23 pm |
  5. Inmyopinion

    The reason Obama cannot fullfill his promises from 2008 is because he is like the ignorant person who is an outsider giving uneducated opinions on things that he had never practiced, never been involved with and once he got the job and saw how things realistically work Obama had no clue what to do and still doesn't know what to do. He's been training on the job. The old saying applies to Obama, easier said than done. Thanks to Speaker of the House Boehner we are back on track.

    August 2, 2011 01:27 pm at 1:27 pm |
  6. Vigla

    IF we had an equitable taxation system, we certainly can live within our means... Because we are held hostage by a rabid right wing, it is nearly impossible to enact serious tax reform. I say let ALL the Bush tax cuts expire and call their bluff...

    August 2, 2011 01:27 pm at 1:27 pm |
  7. DrDeathRay

    "an important first step for ensuring that as a nation we don't live beyond our means." Unless of course you are wealthy or a corporation then it is party time. The Preznit's comment only applies to use "little" people. What a sellout Obama is.
    "Say goodnight America!"; Goodnight America!

    August 2, 2011 01:32 pm at 1:32 pm |
  8. John, PA

    And the next step comes in 2012 when we vote Obama and 23 seneator out of office. Kiss them GOOD BYE!

    August 2, 2011 01:32 pm at 1:32 pm |
  9. ED FL

    Happiest man in US now is Jimmy Carter ,Obama has now replaced him as Americas worst Democratic President. One term is now assured!!!!!!!!!!!!!!!!!!

    August 2, 2011 01:34 pm at 1:34 pm |
  10. maikl

    He is talking about next 10 years. Why?I hope he is out in 1.5 years.

    August 2, 2011 01:35 pm at 1:35 pm |
  11. S. In California

    I know what you're up against Mr. President but this was not a first step. This is the beginning of the end. Bad move.

    August 2, 2011 01:49 pm at 1:49 pm |
  12. Liam

    He is irrelevant. Great speaker but utterly unable to manage or implement anything. The man has economically ravaged the country and its clear his Statism expirment has been a disasterous.

    August 2, 2011 01:51 pm at 1:51 pm |
  13. Rick McDaniel

    That's laughable. He only says that, because he still has to deal with the second stage of this deal.

    Not one President in the last 45 yrs. has reduced our debt, by even a dollar. The debt has risen rapidly, with each and every President, including the so called "good" Clinton years.

    There's nothing good, about running the credit card up, continuously, for 45 yrs.

    August 2, 2011 02:03 pm at 2:03 pm |
  14. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    President Barack Obama calls the debt ceiling deal passed by Congress "an important first step for ensuring that as a nation we don't live beyond our means."
    ==============================================================================================
    Wrong. It's an important first step in admitting YOU have a spending problem. Don't deceive people with the phrase "ensuring that as a nation we don't live beyond our means." while we are still borrowing over a TRILLION a year to pay for this massive entitlement society.

    August 2, 2011 02:41 pm at 2:41 pm |
  15. gt

    a little late dont you think..we have gotten are self in such a hole i am not sure if we will ever get out of it now...

    August 2, 2011 02:48 pm at 2:48 pm |