Paul O'Neil: Those Who Oppose the Debt Ceiling Increase are Equal to Al Qaeda Terrorists

If you oppose the debt ceiling increase you are now being compared to as an Al Qaeda terrorist according to Paul O'Neil.

"I think the Treasury Secretary needs to be judged in his own context. I believe that administrations for the last 30 years have made a mistake, in this sense. There is now a set of practices that are employed that are effectively accounting engineering, to extend reaching the debt ceiling…How do we get from May to July by doing financial accounting tricks? I think it helps the Congress to avoid being responsible. I think that's a really bad idea."

"I wish Tim Geithner would say, when we reach the debt ceiling, we reach the debt ceiling, we are not going to do tricks down here…The Congress needs to be responsible and adult and take action on the deficit. The people who are threatening not to pass the debt ceiling are our version of Al-Qaeda terrorists. Really. They're really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk."