Wow!… Just Wow!
The Obama Administration says it is just as bad for government to discuss and vote on a debt increase next year as it would be to default on the debt. What idiocy!
Here’s the video:
Do you believe these loons?
They believe voting next year is just as bad as default?
So who’s playing games here?
Jake Tapper: Which Is Worse? Default or Voting to Raise the Debt Ceiling Again in 2012?… The worst-case scenario here is a default, right?
CARNEY: That is a bad scenario. I’m not sure — I mean –
TAPPER: Is it worse –
CARNEY: You know, there are things you could anticipate. But I — yes.
TAPPER: Is it worse than voting on the debt ceiling again next year?
CARNEY: The uncertainty created by regular votes on whether or not, for the first time — you know, and if you think it’s — there’s — there are political –
CARNEY: So — but Jake, let me answer the question. We do not think that that is the way that this country should operate. The president’s made it very clear.
TAPPER: What the president made clear in the meeting was that he will not –
CARNEY: Both are bad; I can’t choose which is worse for you.
TAPPER: Really? They — it — you can’t. Default might not be as bad as voting on this next year?
CARNEY: Jake, I’ve answered the question.
TAPPER: No, you guys are painting a very cataclysmic picture
CARNEY: Jake –
Ben Bernake said this week that defaulting on the debt would, “Create a very severe financial shock that would have effects not just on the US economy but the global economy.”