Friday, September 20, 2013, 5:46 pm
President Obama earlier today in Missouri, proposing a pretty good analogy for the insanity of the GOP approach towards the debt limit:
I just want to break this down one more time. I go into a Ford dealership. I drive off with a new F-150. Unless I paid cash, I've still got to pay for it each month. I can’t just say, you know, I’m not going to make my car payment this month. That’s what Congress is threatening to do—just saying, I'm not going to pay the bills. There are consequences to that. The bill collector starts calling you, right? Your credit goes south, and you've got all kinds of problems. Same is true for a country.And, uncharacteristically, the president named names:
So if we don’t raise the debt ceiling, we're deadbeats. "If we fail to increase the debt limit, we would send our economy into a tailspin”—that’s a quote, by the way, what I just said. You know who said it? The Republican Speaker of the House John Boehner. The Republican Speaker has said if we don't pay our bills, we'll have an economic tailspin. So this is not just my opinion. This is everybody's opinion.