The federal government “unequivocally” will not default on its debts, and the ceiling will be raised, Sen. John Cornyn, R-Texas, told the Houston Chronicle
The senator said the government could be run on a “pro rata” basis by paying some of its bills but that his hope is that agreement between congressional Republicans and President Barack Obama could be reached before that is necessary.
"You sometimes try to inject a little doubt in your negotiating partner about where you're going to go, but I would tell you unequivocally that we're not going to default," he said in an interview with the newspaper’s editorial board.
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The comments followed an earlier editorial he wrote for the Chronicle in which he said that although bills would be paid, Republicans still would be willing to take drastic measures in an effort to “bring fiscal sanity to Washington.”
"It may be necessary to partially shut down the government in order to secure the long-term fiscal well being of our country, rather than plod along the path of Greece, Italy, and Spain," he wrote. "President Obama needs to take note of this reality and put forward a plan to avoid it immediately."
He added, “My hope would be that we would not even go there."
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