WASHINGTON — In a warning to congressional Republicans, President Barack Obama said it would be the "height of irresponsibility" for lawmakers to cause another economic crisis just five years after the collapse of the nation's financial system.
"I cannot remember a time when one faction of one party promises economic chaos if it can't get 100 percent of what it wants," Obama said Monday. "That's never happened before."
The president spoke at a White House event pegged to the fifth anniversary of the bankruptcy of Lehman Brothers. The White House used the anniversary to lay out the president's markers for forthcoming fiscal fights with Congress over funding the government and raising the nation's debt limit.
Obama reiterated his refusal to negotiate with Republicans over the debt ceiling. And he called on Congress to "pass a budget without drama."