The Hill News

As Congress prepares to return and global markets could crash if the debt-ceiling extension is not passed, Paul O'Neill, former Treasury secretary during the Bush administration, compared congressional Republicans who oppose the debt-ceiling extension to al Qaeda terrorists. O'Neill's warning was reported in an excellent story in The Hill.

Two points. First, I do not make the comparison myself. I am merely quoting a Republican Treasury secretary warning Republicans. Second, if the debt ceiling is not raised, I believe it could cause a global market crash, and would be blamed, correctly, on Republicans who refuse to compromise in good faith with the president and Senate Majority Leader Harry Reid (D-Nev.).

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