A Quote by Austan Goolsbee

The debt ceiling is not something to toy with. — © Austan Goolsbee
The debt ceiling is not something to toy with.
Debt ceiling is something that, you know, any time the president asks for the authority to increase the debt ceiling, the debt burden on our children and grandchildren, I think that requires a pretty serious discussion, robust debate.
I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.
The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.
Obama has been perhaps the most partisan President since Truman. He hasn't learned to be civil - note his insulting speech to Paul Ryan, who did us the courtesy of scoring a budget. The president has to talk to Republicans when it comes to the debt ceiling. He has reached the debt ceiling before anyone expected.
If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.
I always think a debt ceiling is a good tool to carry something.
The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.
If we reach the debt ceiling, we don't have to default. Getting to that point just won't allow us to reach new debt.
Not raising the debt ceiling does not trigger a default, because we've got enough money to service our debts. Default is when you can't service your debt.
Once in those very early days my brother brought into the nursery the lid of a biscuit tin which he had covered with moss and garnished with twigs and flowers so as to make it a toy garden or a toy forest. That was the first beauty I ever knew. What the real garden had failed to do, the toy garden did. It made me aware of nature-not, indeed, as a storehouse of forms and colors but as something cool, dewy, fresh, exuberant....As long as I live my imagination of Paradise will retain something of my brother's toy garden.
I'm not going to raise the debt ceiling.
If I was in Congress, I would not vote to raise the debt ceiling.
Not raising the debt ceiling is not an automatic trigger for a default.
I don't see why anybody's playing chicken with the debt ceiling.
If it took multiple debt ceiling hikes, I'd rather achieve the savings.
We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.
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