President Barack Obama's chief economic adviser warned Sunday that "the impact on the economy would be catastrophic" if Congress fails to raise the debt ceiling. "This is not a game," Austan Goolsbee, chairman of the White House Council of Economic Advisers, said. "You know, the debt ceiling is not something to toy with." The government could default on its obligations if it hits the current $14.3 trillion limit on borrowing. Some Republicans are expected to hold the debt ceiling hostage in exchange for tough spending cuts.Link
Monday, January 3, 2011
If debt ceiling not raised...........
President Barack Obama's chief economic adviser warned Sunday that "the impact on the economy would be catastrophic" if Congress fails to raise the debt ceiling. "This is not a game," Austan Goolsbee, chairman of the White House Council of Economic Advisers, said. "You know, the debt ceiling is not something to toy with." The government could default on its obligations if it hits the current $14.3 trillion limit on borrowing. Some Republicans are expected to hold the debt ceiling hostage in exchange for tough spending cuts.Link
Just 35 pct.
A record number of Americans oppose the US war in Afghanistan, according to a recently released poll.Link
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