On ABC's 'This Week", the DNC Morning show on Sunday, Senior White House economic advisor AustanGoolsbee warned that failure to raise the debt limit would be 'catastrophic'!
He added: "It pains me that we would even be talking about this,... This is not a game. You know, the debt ceiling is not something to toy with. …"
Flash back to 2006, when his boss, then the junior senator from Illinois said on the Senate Floor:
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
And then voted AGAINST the bill raising the debt limit. He was AWOL for the votes in 2007 and 2008.
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