Hitting the debt ceiling can’t be as bad as an asteroid or Obama would have compromised by now
Hot Air 7/14/11 (“ If default would be a catastrophe, why is Obama opposed to a short-term deal that would avert it? ” http://hotair.com/archives/2011/07/14/if-default-would-be-a-catastrophe-why-is-obama-opposed-to-a-short-term-deal-that-would-avert-it/)
I tossed that question out on Twitter this morning and no one had an answer. Verum Serum and Ace have been thinking the same thing and they don’t have answers either. Simple question: If, as the White House insists, hitting the debt ceiling would be the economic equivalent of an asteroid hitting the Earth, and if the only way to avoid that (i.e. the only way to get something through the House) is with a scaled-down bill that would raise the ceiling only until mid-2012, why isn’t the Lightbringer okay with that? Granted, it would mean he’d have to face another asteroid next year in the middle of the campaign, but so what? How is that a reason to let this asteroid hit right now?
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