I don’t know why Ezra Klein wastes time writing his own blog posts when he could just as easily cut and paste from Treasury Department press releases. Here he is parroting Timothy Geithner’s chicken little routine on the debt ceiling yesterday:

This is true enough, but Ezra conveniently forgets to mention that the debt ceiling has already been raised three times during Obama’s first two years in office. In February 2009, Obama asked for and received a $789 billion debt limit hike to help pay for his stimulus plan. In December 2009, Congress passed a stand alone $290 billion debt ceiling increase and in February 2010, the Democrats in Congress hiked the limit another $1.4 trillion to today’s $14.3 trillion max. Ezra continues: