I think we ought to all take a step back and remember where we were 24, 48 hours ago, a week ago, two weeks ago - the prospect that was hanging out there that America would not honor its obligations for the first time in its history, and the impact that would have on our economy and the global economy.
Jay CarneyWe believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation.
Jay CarneyRaising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.
Jay CarneyBut the - look, I think that this - the United States of America is still the most powerful economy in the world. It is an incredible engine for creativity and innovation. And it has the most - smartest, most effective workforce in the world. So we have a lot going for us, in spite of the fractiousness of our politics.
Jay CarneyThe president made clear when he was a candidate for this office and when he took this office, that unfortunately prior to his taking office, because of the focus on Iraq, and the U.S. efforts there, that the original war, if you will, in Afghanistan had been neglected, the strategy there was unclear, and that it was not properly resourced.
Jay Carney