This Monday, White House press secretary Jay Carney claimed that “the consequences of not raising the debt ceiling would be Armageddon-like in terms of the economy.”

Back in 2006, however, then-Sen. Obama had a different take on the consequences of raising the debt limit:

Recommended Stories

Buzzfeed’s false and lazy reporting on the debt ceiling

Conn Carroll: How Republicans got their groove back

On budget, Dems choose politics over rule of law