Darwin would be proudWhite House press secretary Jay Carney responded to Speaker John A. Boehners (R-Ohio) demand that any increase in the debt ceiling as part of a fiscal cliff deal be matched by equivalent cuts in spending.
Asking that a political price be paid in order for Congress to do its job to ensure that the United States of America pays its bills and does not default for the first time in its history is deeply irresponsible, Carney said in Thursdays press briefing.
It was deeply irresponsible in the summer of 2011 and it would be deeply irresponsible to see that approach taken again. The president expects Congress to do its job.
" The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is "trillion'' with a "T.'' That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion."