Sen. Lindsey Graham (R-SC) warned that Republicans would not raise the debt ceiling until serious action is taken to lower the national debt, including entitlement reform, during an appearance on Fox News Monday.
"Here is where the president will have a rude awakening," Graham said. "In February or March, you have to raise the debt ceiling. I can tell you this, there is a hardening on the Republican side. We're not going to raise the debt ceiling. We're not going to let Obama borrow anymore money or any American congress borrow anymore money until we fix this country from becoming Greece. That requires significant entitlement."
Graham said Congress will never cede the power of raising the debt ceiling, saying of Obama, "He got elected president, not king."