Politics
Gibbs: Senator Obama Only Voted Against Raising Debt Ceiling in 2006 Because He Knew It Would Pass Anyway
Loading ...On Sunday, President Obama’s top economic adviser, Council of Economic Advisers chair Austan Goolsbee, cautioned members of Congress not to “play chicken” by voting against raising the $14.3 trillion debt ceiling – despite the fact that as a senator in 2006, President Obama voted that way.
“I don’t see why anybody’s talking about playing chicken with the debt ceiling,” Goolsbee told me on ABC News’ THIS WEEK. “If we get to the point where you’ve damaged the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”
Goolsbee said a failure to raise the debt ceiling would cause “a worse financial economic crisis than anything we saw in 2008…This is not a game. The debt ceiling is not something to toy with.”
Four year ago, however, then-Sen. Barack Obama, D-Ill., voted the exact way President Obama is now cautioning senators not to do.
Continue Reading at ABC News Political Punch.
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