Obama Administration OBAMANOMICS


You know that there’s a problem with fat cat Democrats and Republican RINOS when they can only whine about not increasing the debt ceiling, and refuse to talk about drastic cuts in entitlement programs. It never even occurs to them, ever. KGS

Thanks to ZIP.

UPDATE: Super-RINO Lindsey Graham Says Failing to Raise Debt Ceiling Would be “Very Bad” (TT: They’re morons)

(The Hill)– Top White House economic advisor Austan Goolsbee warned Sunday that a congressional failure to rise the nation’s debt limit early this year would be “catastrophic.”

“It pains me that we would even be talking about this,” Goolsbee told ABC’s “This Week.”

“This is not a game. You know, the debt ceiling is not something to toy with. … If we hit the debt ceiling, that’s essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic. I mean, that would be a worse financial economic crisis than anything we saw in 2008.”

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