CHARLES KRAUTHAMMER: If we keep spending like this we're going to have a president in a few years whose going to stand up and say that we are unable to pay Social Security, or the military or benefits. And not because of self-imposed crisis on a debt ceiling, but because we will be out of money. And that is what the Republicans are trying to avert.
The president is playing this like a demagogue in pretending we don't have a debt issue. We do. That is hanging above us and that's what will destroy our credit rating in the end. Not a crisis that we create and then get around as we have in the past, but a real one of a country that cannot pay its debt anymore, which is where we're headed. (Special Report, January 15, 2013)