Rand Paul: White House Should Stop Talking Down the Markets

The White House is playing games with the government shutdown, says Sen. Rand Paul, but he's more concerned with how he says President Barack Obama is talking down the markets.

Appearing Monday on Fox News Channel's "Hannity," Paul said it was irresponsible for Obama, Treasury Secretary Jack Lew and other members of the administration to say publicly that the government might default.

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"That's simply scaring the marketplace," Paul said. "We have never defaulted, we will never default, and there's not even a reason to default because we have plenty of revenue that comes in every month to pay our interest payment."

Democrats are trying to beat up the Republican Party because polls show the public puts most of the blame for the government shutdown on GOP members of Congress, Paul said. But if the criticism continues, he said, "eventually, both parties will be beat up."

Obama at some point will seek out Republicans to have negotiations and a compromise, Paul said. The president will have to say the country is going bankrupt and spending will have to be restrained, Paul predicted.