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 CarneyWhen this president was sworn into office, he was handed a deficit of over a trillion dollars. Republicans were in control of Congress for much of the time that President George W. Bush was in office, and they didn't do a great job of controlling spending.
Jay CarneyLet me just say that while I personally am very fond of John Boehner, his record of predicting what would happen if certain policies, economic policies were instituted is abysmal, okay?
Jay Carney