The actual quote seems to be “So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the consequences of doing the

The actual quote seems to be “So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the consequences of doing the right thing, that’s the political structure of the political system, eventually you’re going to have a debt spiral,” he explained, per Bloomberg. “And a debt spiral is like a death spiral.”