Don’t Raise the Limit on Obama’s Credit Card

by Floyd and Mary Beth Brown

Fear-mongering works – why not try again? This must be the thinking behind Obama’s latest attempts to manipulate the new Congress. Austan Goolsbee, chairman of the U.S. Council of Economic Advisers, trotted out before the cameras this week to threaten the Republican Congress, saying that if they don’t raise the limit on the USA’s debt ceiling, the “impact on the economy would be catastrophic.”

Goolsbee spun

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