Jan 5, 2011

Austan Goolsbee on playing chicken with the public debt ceiling

The impact on the economy would be catastrophic. That would be a worse financial economic crisis than anything we saw in 2008. I don't see why anybody's talking about playing chicken with the debt ceiling.

~ Austan Goolsbee, chairman, White House Council of Economic Advisers, ABC's This Week, January 2, 2011

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