President Obama can’t afford to have the economy tank because of the debt ceiling, Charles Krauthammer said tonight.
During his appearance on Special Report, Krauthammer said that the effect of the government shutdown will be practically unfelt on the economy, but the real threat to President Obama is the possibility of the federal government’s hitting its borrowing limit.
“The debt ceiling is a threat even though the blame will go to Republicans,” Krauthammer said. “It’ll have a profound effect on the economy and that will stay with him long after people have forgotten the event. And he can’t afford an economy that continues as anemically as it is right now.”