PRESIDENT OBAMA: The issue here is whether or not America pays its bills. We are not a dead beat nation. So there is a very simple solution to this. Congress authorizes us to pay our bills. Now, if the House and Senate want to give me the authority so they do not have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, I am happy to take it. Mitch McConnell, the Republican Leader in the Senate had a proposal like that last year and I was happy to accept it.