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Cruz On Debt Ceiling: Obama Trying To Scare People With Financial Apocalypse

Posted By admin On January 7, 2013 @ 6:07 am In Money Watch | Comments Disabled

Fox News
Jan 7, 2013

“Let me be clear, I do not support default on the debt and we should never default on the debt and the only players who are threatening to default are President Obama and Harry Reid. This is an issue, and earlier in the show you played the President threatening default. In any given month tax revenue are 200 billion and interest is 30 or 40 billion. There is it plenty of revenue to service the debt and any responsible President would’ve stood at that podium and said ‘whatever happens with the debt ceiling, we will always pay our debt. We’ll never default on the debt’ and the reason the President isn’t doing that is he’s trying to scare people and raise the spector of financial apocalypse.” – Sen. Ted Cruz (R-TX) on Fox News Sunday 1/6/12

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URL to article: http://www.prisonplanet.com/cruz-on-debt-ceiling-obama-trying-to-scare-people-with-financial-apocalypse.html

URLs in this post:

[1] Total US Debt Hits $16,369,548,799,604.93; Debt Ceiling Just $63 Billion Away: http://www.prisonplanet.com/total-us-debt-hits-16369548799604-93-debt-ceiling-just-63-billion-away.html

[2] White House Defends Obama’s Senate Vote against Raising Debt Ceiling But Warns of Catastrophe If GOP Doesn’t Raise Debt Ceiling: http://www.prisonplanet.com/white-house-defends-obama%e2%80%99s-senate-vote-against-raising-debt-ceiling-but-warns-of-catastrophe-if-gop-doesn%e2%80%99t-raise-debt-ceiling.html

[3] House Dem Leader Urges Obama to Raise Debt Ceiling Without Congressional Approval: http://www.prisonplanet.com/house-dem-leader-urges-obama-to-raise-debt-ceiling-without-congressional-approval.html

[4] FITCH WARNS: US Must Raise The Debt Ceiling By Aug 2, Or Risk Losing Its AAA: http://www.prisonplanet.com/fitch-warns-us-must-raise-the-debt-ceiling-by-aug-2-or-risk-losing-its-aaa.html

[5] Senate Attempt To Block Debt Ceiling Increase Fails: Debt Target Is Now $15.2 Trillion, Or Over 100% Of GDP: http://www.prisonplanet.com/senate-attempt-to-block-debt-ceiling-increase-fails-debt-target-is-now-15-2-trillion-or-over-100-of-gdp.html

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