Gingrich: Obama's big debt limit deception

As a historian and a former speaker of the House who negotiated successfully through two government shutdowns, a successful welfare reform bill, the first tax cut in 16 years and four balanced budgets, I am offended and a little frightened by President Barack Obama's deliberate dishonesty about the debt ceiling.

On Wednesday, speaking to the Business Roundtable, Obama said:

"You have never seen in the history of the United States the debt ceiling or the threat of not raising the debt being used to extort a president or a governing...