Sen. Bennet: debt ceiling default would increase deficit

[ErikJ]

Not raising the debt ceiling will do more than anything else to raise the national deficit and debt....... which I thought was supposed to be GOP's main concern.


Bennet: debt ceiling default would increase deficit
Posted on: 11:14 pm, October 10, 2013, by Eli Stokols

Channel 2 News: Does a six-week extension of the debt limit mean much? We’d avoid default for now, but the Congress would be right back in this rut at Thanksgiving. Does that worry you?

Bennet: “It worries me a lot. I think we’d be much better off having a long-term lifting of the debt ceiling. And if all you cared about was the deficit, it’d be the worst thing you could do to trip over the debt ceiling, because all that would do would spike interest rates and mean we’d be spending even more money on interest rates than we do today.
“I think, actually, a long term deal would be much preferable, opening the government and keeping it open would be much preferable; and having people sit down and actually work out a solution over several months to the fiscal challenges that we face rather than a cartoon for the cable television at night.
“But we’ll have to see how things work out over the weekend.”

Channel 2 News: What’s been the biggest impediment preventing a deal? It just seems like Republicans and Democrats haven’t even been willing to talk to one another, and this has been going on for 10 days.

Bennet: “With this manufactured crisis that we’re confronting, I don’t think the relevant division is between Democrats and Republicans. I think the difficulty is the Speaker has a collection of people in his caucus that are very far outside the mainstream of conventional Republican thought, much less mainstream U.S. political thought, and I think that’s been very, very tough for him to manage — and I say that not as a criticism of him but as an observation of how hard his job is.”

http://kwgn.com/2013/10/10/bennet-debt-ceiling-default-would-increase-deficit/

[Turbineguy]

1. It depends on how you do the math.

If you contend that 200 feet plus 200 feet equals 500 feet, you will not hit that concrete wall 400 feet away. But only if you are a teabagger.

[lostincalifornia]

2. the speaker should be doing what is right for the country, not for the extremists

[Buddha_of_Wisdom]

3. While I don't like my Senator Bennet

He's very right about this.

Kudos to talking to the local station, but he needs to start wearing his walking shoes and talk to every constitutent in the State of Colorado to remove Tipton, Gardner, Coffmann (he's already guaranteed to lose his seat), and Lamborn.

Every door needs to be knocked, voters educated and military families taught that Republicans are not their friends.

[ErikJ]

4. And for their blatant hypocrisy- each 1 Point increase in interest rate cost $120 billion annually

I just heard on Meet The Press that for each 1 point increase in the Treasury interest rate because of default, would increase our deficit by $120 billion annually!

[Coyotl]

5. In other words, the Speaker is the nexus of the impasse.

Talk about a multi-billion dollar Boehner!


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