Tags: Tim Pawlenty | Debt Ceiling

Pawlenty Firm on Not Raising Debt Ceiling

Sunday, 29 May 2011 09:53 AM

By Hiram Reisner

Presidential candidate and former Minnesota Gov. Tim Pawlenty reiterated his position Sunday Congress should not raise the debt Tim Pawlenty, Debt Ceilingceiling, and if it decides to do so, it should only be in exchange for concessions like a balanced budget amendment or permanent spending caps, Politico reports.

Pawlenty also said Sunday on ABC’s “This Week” suggestions that total financial disaster would result if the debt ceiling is not raised are exaggerations.

“Well, there are some serious voices challenging that very premise,” Pawlenty said. “And the answer is nobody really knows because we’ve not been at this point before.

“President Obama was setting up this false choice between default and raise the debt ceiling,” he said. “And at least for a while, you can take away that false choice by ordering the Treasury to pay the obligations to outside creditors first.”




© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Balloonists' World Distance Record: Pair Smashes Old Milestone

Friday, 30 Jan 2015 15:16 PM

Two balloonists broke a world record Thursday for the longest distance flown in a helium balloon, surpassing the previou . . .

Roseanne Barr: Bill Cosby's Sexual Assault Accusations Are No Surprise

Friday, 30 Jan 2015 14:42 PM

Roseanne Barr has weighed in on the sexual assault scandal surrounding Bill Cosby, telling "Access Hollywood" this week  . . .

Weinerbull? Strange-Looking Dog Had Pitbull Mom, Dachshund Dad

Friday, 30 Jan 2015 13:57 PM

A Pitbull-Dachshund mix has become an online hit after a Humane Society in Georgia posted photos of the peculiar pooch t . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved