Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Rand Paul: It’s ‘irresponsible’ of Obama to talk about default

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Sean Sullivan
Washington Post
October 7, 2013

Sen. Rand Paul (R-Ky.) said Sunday that it’s “irresponsible” for President Obama and his allies to be talking about the prospect of defaulting if the debt ceiling isn’t raised by a key deadline later this month.

“I think it’s irresponsible of the president and his men to even talk about default. There’s no reason for us to default. We bring in $250 billion in taxes every month. Our interest payment is $20 billion. Tell me why we would ever default,” Paul said on NBC’s “Meet The Press.” “We have legislation called the Full Faith and Credit Act, and it tells the president you must pay the interest on the debt. So this is a game.”

The government will hit its borrowing authority on Oct. 17 according to the Treasury. On Sunday, Treasury Secretary Jack Lew warned of dire consequences if lawmakers don’t pass a debt ceiling increase. And he pushed back against those who say the administration is stirring up too much hype.

“Anyone who thinks that the United States government not paying its bills is anything less than default hasn’t thought about it very clearly,” Lew said on CNN’s “State of the Union.”

This article was posted: Monday, October 7, 2013 at 4:50 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
What They're Not Telling You About Race Riots See the rest on the Alex Jones YouTube channel.

Did Obama Order National Guard to Stand Down in Ferguson? See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.