Will O stand by his word is yet to be determined.
Making a point melodramatically on Sunday, President Obama said, "We will not negotiate over whether or not America should keep its word and meet its obligations."Read more:
In reality, Congress and administrations have for decades—under both Republican and Democratic presidents—negotiated over or included spending and budget reforms as a part of debt-ceiling increases.
Why Obama Can’t Pay a Debt-Ceiling Ransom -- Daily Intelligencer