Stop me if you think you’ve heard this one before.
From the Great Sequestration of 2013:
“Now, what’s important to understand is that not everyone will feel the pain of these cuts right away. The pain, though, will be real.” – President Barack Obama, 3/1/13
From the Government Shutdown of 2013:
“What we see happening with this Republican strategy is a willingness to threaten the very foundation of the world’s greatest economic power. That is a very risky proposition.” – White House Press Secretary Jay Carney, 10/1/13
And from the looming Inaugural Debt Ceiling Default:
“The debt ceiling is such a calamitous possibility that you could go into a recession or even a depression worse than Lehman Brothers and AIG in 2008…” — Sen. Chuck Schumer, D-N.Y., 10/7/13
I think the reason many people are neither worried or worked up over the Oct. 17 debt ceiling deadline is that Washington, D.C. has been predicting the “end of the world as we know it” with alarming regularity. You can only cry “wolf” so many times before we start tuning you out.
Now, I don’t know what would happen should we not raise the debt ceiling and that puts me in the vast majority. Since it’s never happened, the assumption is some sort of cataclysmic economic event but then again I’ve heard those predictions before. Still waiting.
So after seven months of “draconian sequestration cuts” and 14 days of a partial government shutdown, the one thing I know to be true is to NOT listen to the dire predictions of any of our “leaders” since they obviously have no idea what they are talking about.