Tag Archives: government shutdown

These Quotes Should Really Worry You About The Debt Ceiling

House Speaker John Boehner

Let’s start with this doozy from freshman GOP Rep. Ted Yoho over the weekend: “I think we need to have that moment where we realize [we’re] going broke. If the debt ceiling isn’t raised, that will sure as heck be a moment. I think, personally, it would bring stability to the world markets.

Oh good, now we have a Congressman who actually believes that breaching the debt ceiling will bring “stability to world markets”. Because nothing says stability and confidence quite like defaulting on one’s debts and obligations.

These next two quotes can work in tandem, but only because they come from mutually exclusive positions:

House Speaker John Boehner on [not] raising the debt ceiling: “We are not going to pass a ‘clean’ debt-limit increase.”

And from the White House we have Treasury Secretary Jack Lew: “[Republicans] need to open the government. They need to fund our ability to pay our bills. And then we’re open to negotiation.”

So we have The White House refusing to sign anything but a clean increase in the debt-ceiling, and Boehner signalling his party’s intent to refuse to pass a clean increase in the debt-ceiling.

Compounded by the fact that Rep. Yoho is not the only member of his party to actually believe that defaulting on the debt-ceiling is a good thing — and good for the economy!! — and you start to wonder if these people can figure this out in the next 10 days. Probably not.

Photo: Medill DC

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Filed under Economics, Politics