“No treasury secretary or president would actually default on the debt, even if they couldn’t borrow more money”
Call it the return of the default deniers. To these conservatives, hitting the debt ceiling is no Armageddon, and the idea of “default” is just a scare tactic – and they claim not to be frightened.
“No treasury secretary or president would actually default on the debt, even if they couldn’t borrow more money,” Toomey (R-Pa.) told POLITICO.
Toomey calls President Barack Obama’s warnings of imminent default an excuse to “keep spending and never address the underlying problem.”
Scalise, the new chairman of the Republican Study Committee, a huge bloc of House conservatives, has been making the same case. “President Obama is the only person in town right now saying the federal government will not meet its obligations; that’s just not the case,” he told POLITICO.
Reprising a role they played in the 2011 debt ceiling standoff, the lawmakers are arguing that U.S. creditors will continue to be paid if the government crashes into the debt ceiling — and that what’s really at stake is a government shutdown, not a debt default…
“We collect money every day; it just depends on how you spend it,” rising Republican star Jason Chaffetz of Utah, a prioritization supporter, said in the House basement Monday. “We’re just talking about slowing down government spending.”