1/06/2011

Newest Fox News piece: Obama Officials Play Chicken Little With the Debt Ceiling

My newest piece starts this way:

Two years into the Obama administration and the overused tactic of claiming crises to push legislation is becoming tiresome.

Remember, immediately after President Obama came into office, we were warned that if the massive Stimulus program wasn't passed immediately, unemployment would go up above 8.1 percent. And the health care takeover had to be passed by August 2009 or public and private health care costs would spiral out of control.

Of course, it is now obvious that neither the stimulus program nor Obamacare had any prospect of accomplishing their stated goals. And then there was the start treaty with Russia which absolutely had to be passed quickly last month or real damage would be done to US-Russian relations. Yet, in what was widely seen as a slap against President Obama, the Russians didn't see any urgency in passing the treaty, and indeed they still haven't passed it.

Now the Obama administration is warning of disaster if Congress doesn't quickly pass an increase in the debt limit. . . .


UPDATE: More extreme rhetoric about the consequences from not raising the debt limit.

Sen. Mark Warner (D-Va.) warned lawmakers Thursday that refusing to raise the government's debt limit would amount to playing "Russian roulette with the world's economy."

"You've got to be careful with the debt limit," he said at a forum on small-business lending hosted by the Federal Deposit Insurance Corporation. . . .

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