Carney: Don't 'play chicken' with economy
April 11th, 2011
01:01 PM ET
12 years ago

Carney: Don't 'play chicken' with economy

(CNN) - White House Press Secretary Jay Carney warned Monday that a failure to raise the debt ceiling would be "Armageddon-like in terms of the economy."

"We do not need to play chicken with our economy," Carney said.

Filed under: Debt • Jay Carney • White House
soundoff (22 Responses)
  1. Dean

    Someone tell Howdy Doody to put a sock in it.

    April 11, 2011 01:16 pm at 1:16 pm |
  2. terry,va

    Our payments against the national debt can continue. We will NOT default on our debt if we don't raise the debt ceiling. I say raising the debt ceiling. Time to cut deadwood from what we are spending. Obummie had to be dragged kicking and screaming to cut anything from the 2011 budget. We aren't going to let you bankrupt the country Obummie.

    April 11, 2011 01:27 pm at 1:27 pm |
  3. Rudy NYC

    Dude, the GOP isn't "playing chicken". They are playing the public for suckers as they line their pockets with tax dollars.

    April 11, 2011 01:33 pm at 1:33 pm |
  4. terry,va

    I tell you how to get extra revenue. 47% of us don't pay taxes. If they get any income, they should be taxed at least 5%. Eliminate all corporate tax loop holes. I know this will be hard for Obummie because his buddies at General Electric made 14.2 billion in profits and paid zero in taxes. Eliminate all tax loop holes and exemptions for individual taxpayers. Pay the rate that applies to your income. No need to raise the rates on anyone. Everyone else that can physically work needs to do so to collect their welfare. Sorry, deadbeats no more freebies.

    April 11, 2011 01:34 pm at 1:34 pm |
  5. Seahorse7

    Wow. Impressive. Armageddon huh? I thought this guy was hired to stay on topic, be concise, and clear. Armageddon? Really? represent the voice of the White House? Um. Okay. Hmmm.. Did you notice the other CNN article of SNL blasting Fox News (which was really funny) as "Coffee, Smiles, Fear and Terror" So it certainly seems that the current democratic worldview of Republicans and Government Spending Cuts are analogous to Satan and Armageddon? Way to stay on topic and reveal the current belief pattern of the White House Carney.

    April 11, 2011 01:36 pm at 1:36 pm |
  6. They ought to change from the elephant to the hippo...

    No they shouldn't, Jay... But they CAN and they WILL. That's what happens when you negotiate with terrorists... YOU guys should have grown a pair a long time ago. NOW you're going to try take control?!? Good luck!! Horse is already out of the barn...

    April 11, 2011 01:41 pm at 1:41 pm |
  7. Matt

    Wrong, Carney. We DO need to play chicken with the economy. And we need to tie you to the bumper. Stop trying to scare us into line. The status quo isn't working; we need to take some chances. I would crash and burn trying something different, rather than ride the same-old-same-old over the cliff. Armageddon wouldn't be so bad if it would wipe out fear-mongers like Carney and remind us this should be the land of the brave–not of frightened sheep.

    April 11, 2011 01:49 pm at 1:49 pm |
  8. mike228

    Two people who voted AGAINST raising the debt ceiling under Bush? Harry Reid & Barrack Obama.

    April 11, 2011 01:50 pm at 1:50 pm |
  9. lee ann

    YOUR PRESIDENT Obama, voted against raising the debt ceiling in 2006 (that wasnt so very long ago). I guess he voted against it and now he is for it.. You have the nerve to ask anybody not to play chicken after the dirty backroom deals and midnight passage of OBAMACARE??? Do you think the public is so stupid that we do not remember how that deal happended???? We may be stupid as your arrogant ,non-churchgoing President HOPES we are, but we do not have amnesia. I plan to make a CHANGE and will help elect anyone who at least pretends to be a Christian and attend church.THEY might learn something) I will help elect anyone who has some moral conviction and forget about political correctness for a CHANGE. I want a LEADER who can decide who exactly are the terrorists or at least do not intervene anywhere unless you know for sure. Trump is right, I see why people are laughing at America . This adminiastration is a joke!DONT PLAY CHICKEN..... I do not want them to play anything. I am paying them to make good decisions not play games I fully expect and will applaud a full shutdown as It would be the only thing left to do to just show YOU Mr. Carney that the only adults in the room are the REPUBLICANS.They (I hope) are serious about putting our house in order. It is clearly the spending spree the DEMS had that caused this historical debt in the first place. TIME to pay. Im tired of playing!

    April 11, 2011 01:52 pm at 1:52 pm |
  10. B

    There apparently is no consideration for a balance to keep the economy growing and cutting spending in a way that does not bring it all to a halt.

    I think that most of the rhetoric is influenced by a desire, on the Republicans part, to destroy Obama’s progress at any cost.
    They have already declared as much that it is their most important agenda item.

    April 11, 2011 01:55 pm at 1:55 pm |
  11. Greg

    Good reporting CNN – How about some details as to why one side is for raising the debt ceiling and why the other is not. This article is useless.

    April 11, 2011 02:00 pm at 2:00 pm |
  12. Thank God I am a Democrat

    The repubs don't care about playing chicken with the economy. They have already proven this.

    April 11, 2011 02:01 pm at 2:01 pm |
  13. munchmom

    The whole Obama administration and time in office has been "Armageddon like"...who are you kidding?????

    April 11, 2011 02:02 pm at 2:02 pm |
  14. Marry

    Well, playing “chicken” and headless ones at that, is all the GOP/TP have done for many years and there is no way they are going to be capable of doing anything positive for the next dozens of years to come. But, we have also learned that there are a sizable crowd of people that want to go / take the country “back”. Nobody has explained though how far or from whom…

    April 11, 2011 02:03 pm at 2:03 pm |
  15. john

    Don’t play chicken, incest on:
    Repeal the healthcare reform law, Obama Care!
    Cut taxes!
    Close the border!
    End ear marks!
    Stop funding NPR!
    Stop all funding for Planned Parenthood!
    Stop all US Aid to other countries for 5 years!
    Remove every “zar” put into place by the Obama administration!

    Then and only then raise the debt ceiling.

    April 11, 2011 02:08 pm at 2:08 pm |
  16. TheTruth

    Interesting how President Obama didn't mind 'playing chicken' with the debt ceiling in 2006.

    April 11, 2011 02:24 pm at 2:24 pm |
  17. Rudy NYC

    Why do Democrats have such a hard time seeing through the words the GOP put into the national conversation? There is always a calculated "win-win" behind everything they say.

    For example, Rep. Ryan's budget plan has forecast unemployment dropping to below 3% in a few years. A figure we have not seen in how long? That's laughable, right? Wrong, it's calculated.

    If his plan does not get passed, unemployment will remain well over 3% and he will assign blame as failing to pass his budget plan with all of its' corporate welfare. If his plan does pass, unemployment will remain well over 3% and he will assign blame to Democrats for the inevitable tax increase, which we all know is coming in a year or two. A tax increase that will take the form of rolling back the Bush tax cut for the wealthy.

    April 11, 2011 02:28 pm at 2:28 pm |
  18. Dave IL

    Hopefully, Obama and Reid will take his advice.

    April 11, 2011 02:31 pm at 2:31 pm |
  19. Jon

    Yeah, but unfortunately, I think we're likely to anyway...

    April 11, 2011 02:40 pm at 2:40 pm |
  20. John Kenyon

    We cannot keep printing money and expect all our problems will go again. This is exactly what raising the debt ceiling is.
    The more we print, the lower the value of our dollar. Doing this will prove history correct to repet itself. HYPERINFLATION is right around the corner!!!!!!!!

    April 11, 2011 02:55 pm at 2:55 pm |
  21. terry,va

    Here is an example of what I was talking about. Say you get $10,000 in income. You pay $500 in federal taxes. I make $300,000. I pay $99,000 in taxes. Do you really thing I ought to pay more? Now who suffers more? I pay too much and 47% pay nothing. Get on board deadbeats.

    April 11, 2011 03:00 pm at 3:00 pm |
  22. GOP = Greed Over People

    Listen up class, better sell those stocks. There are approximately 5 weeks before May 16th, 2 of which it appears Congress will be on VACATION, so that leaves 3 weeks for the GOP and tea tards to get a "clean" bill(no culture war issues attached) out of the House. It COULD happen, but I am not betting the 20K my IRA has regained since the last time the GOP's version of "fiscal responsibility" was in place, when that includes allowing the country to default on it's debt and send shock waves to all global markets.

    I promise you, as all these "Congressional leaders" keep yammerin' about how they will NOT raise the debt limits, other countries that hold our bonds are going to start dumping them the closer we get to the financial Armageddon date of May 16th.

    Does anyone, with more than brain stem mental capacity, actually think that foreign investors are going to sit quietly by and watch the CNN count down clock until we default in the next 5 weeks? No, if the limit is not raised and raised fast to preclude ANY uncertainty about the safety of their investment in our bonds, they will be dumped by China, Japan and Germany and then our interest rates go up and the stock market goes down, very quickly, you may remember in '08 when the market had 900 point daily swings? Well that was just a primer course to what is about to happen if these morons in Congress keep talking about NOT raising the debt limit.

    The fiscal 2012 budget is the place to have that argument, not the debt limit. At least that way we can only bring down our own government and not the global economy.

    And no, I am not a stock broker of any type, but I do have a "vintage" B.B.A. that included Econ 101(oh, and I did stay at a Holiday Inn once)!

    April 11, 2011 03:02 pm at 3:02 pm |