Sky’s The Limit For High Roller Dem Spenders

Obama Aide: Don’t ‘Play Chicken’ with Debt Ceiling (Newsmax)

WASHINGTON (AP) — The top White House economic adviser is warning against what he calls “playing chicken” with the need to raise the nation’s debt ceiling.

For some conservatives, refusing to raise the limit on the federal debt would be a tactic to force the government into cutting spending.

Last February, Congress raised the debt ceiling to $14.3 trillion. The debt is now at nearly $13.9 trillion and growing each day. A move to raise the ceiling again is expected this spring.

The chairman of the White House Council of Economic Advisers, Austan Goolsbee, says that refusing to raise the debt ceiling would push the country into default — and a far greater economic crisis than Americans saw in 2008.

Goolsbee spoke Sunday on ABC’s “This Week.”

The question is, What debt ceiling?  They raise it every year; therefore it’s limitless and no ceiling at all, only a guidepost pointing the way to Fiscal Disaster. The abandon with which our so-called representatives run through cash gives drunken sailors a bad name. At least an inebriated swab usually only spends his own money.

About Bob Mack

Retired since 2003. Military Service: U.S. Army, 36th Artillery Group, Babenhausen, Germany 1966-67; 1st Signal Brigade, Republic of Vietnam, 1967-68 Attended University of Miami, 1969-73
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9 Responses to Sky’s The Limit For High Roller Dem Spenders

  1. AFVET says:

    Great Post.
    I say, cut the debt ceiling back to 2008, and next year cut it back to 2007.
    “Playing Chicken” with whom ? The future of the country ?, The American People ?
    The international influence on a puss, socialistic, Marxist, POTUS that relies on a media that may as well have existed in the 20’s with the mafia ‘protecting you’ ?
    Chicago politics moved to WDC in 2008.
    We the People are far more powerful than an effort to divide us.

    Obama is an inexperienced man being advised by socialistic/Marxist intellectuals.

    I feel sorry for him if he does not change course quickly., ….Not !!!!

  2. TexasFred says:

    If Obama’s desire is to be a one term POTUS, I think his wish will come true…

    Regarding the *Great one term POTUS* part, I am still LMAO… 😛

  3. Ike Jakson says:

    It’s fine for spending other people’s money; spending their own would bring a change in attitude.

  4. Angel says:

    I’m so sick of their recklessness BOB..ugh! HAPPY NEW YEAR MY FRIEND!!..xxoo

  5. “The chairman of the White House Council of Economic Advisers, Austan Goolsbee, says that refusing to raise the debt ceiling would push the country into default — and a far greater economic crisis than Americans saw in 2008.”

    Look, let’s be blunt: the ONLY reason that would POSSIBLY occur is because the DC ASSHOLES would CONTINUE to REFUSE to stop spending. You must bear in mind the average DC Pol thinks NOT raising the budget for a given budget item every year is in fact a CUT!

    THAT is the kind of INSANE mindset you’re dealing with in DC.

    BZ

    P.S.
    Nice blog, thanks for stopping by my house.

  6. Pingback: Mystery of mass animal death epidemic deepens after 8,000 doves fall dead in Italy; Strange blue stain on beaks… http://drudge.tw/gvN0TY | The America News

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