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Now the -- story tonight let's bring in congressman Michelle Bachman who is campaigning in Iowa she joins us now from Indian -- well I just south of the morning.
-- and I believe secretary Geithner when he says it'll be catastrophic for America if the debt ceiling is not race what say you.
Well of course it's not true that anyone wants to see that that United States government default on its debt and we don't have to because the fact is.
We have sufficient revenue coming -- to pay off the interest on the debt.
We don't have to default.
We have a great -- that's being put forward by Steve king of -- it would combine.
Paying off the interest on the debt first with paying of the salaries for our brave men and women in the military.
We deal with the must -- like social security and Medicare and that it's chop block I agree would be very sacrificial.
But the one thing that we can't do bill is add another 2.4 trillion to the death well we know that we don't do that they have -- -- -- brilliant way.
Will be right will be right back where we -- they want to hear nobody say got to borrow again -- nobody is saying that.
At the -- cuts have to come to look.
Are you saying Geithner is lying because -- -- is basically saying we're not gonna meet some of our obligations.
To foreign investors who hold US bonds.
And who getting interest from those bonds we simply not going to meet those obligations top congressman.
You -- the woman you know when that happens a foreign markets are gonna go crazy the dollar's gonna plummet.
Stocks are gonna go crazy down down down down.
I don't think -- is -- -- about this.
We can pay off all of those -- he says we can't hand if you lying when he's wrong he's wrong he's wrong.
We -- -- -- Korean and Iraq how do you know that.
How do you know -- bill.
Because because it's all you have to do is look at the books we have sufficient revenue coming yen.
We can pay off all of those obligations first and we must we always have.
We always will everyone needs to get their feathers down and not get ruffled because we can pay all these obligations.
What we can't pay for are all these continued wasteful programs in Washington.
You noticed President Obama has no interest in cutting back and all these wasteful programs he intends to fully.
Keeps this spending out yes I know -- wants a guy that can spend ten trillion dollars out.
In -- way out -- the future what he wants to do first of all bill.
-- hike taxes on small businesses like well where that hotel that ancillary M today and Indian.
Well of course but that's what he wants to do -- plan.
Is we first trees another trillion dollars in taxes on small business then maybe when he into the future.
We do some spending -- Y -- the wrong policy we cut spending first.
Last resort is you raise taxes you know -- that.
Understand congressman that you and me and Geithner and all that we can't prove.
What we're saying in the sense of the fall.
What your own party when you first why Anna Taylor of the government -- -- real singers what Boehner is really your only leader in the house is really.
To -- -- and that debt ceiling he is willing to do with congresswoman your own leadership will do it.
McConnell will do it in the senate and -- and will do it in the house you are the renegade here.
Those guys are saying we have to raise the debt -- you know that.
Well bill knee and two thirds of the American people if not more -- area they're saying -- now quite clearly the that you don't write if you are right why is -- Boehner saying exactly what you're saying why not.
What I can tell you is what I'm hearing all over Iowa New Hampshire South Carolina Florida Texas wherever -- go across the country.
People are saying to me Michelle these politicians don't -- it.
We can't keep raising the debt ceiling and that's why I'm adamant about it because that's what reasonable fair minded Americans are saying -- they're saying the politicians -- the stop the spending.
And they don't for a minute appreciate it when president Obama's talking about the NFL lockout.
And selling small businesses to eat their p.s and -- it -- and have more tax increases.
This company that I -- today bill they've lost 50%.
Of their employees and their margin is squeezed down to almost nothing on profit.
Government hasn't gone on a diet.
It's private business it's gone on a diet it's time to have -- -- we're gonna -- -- -- -- is we're -- government that needs yeah go on a diet health.
Love is okay if -- all of the country doesn't get -- look.
You know as well as I do when President Bush came South Korea luckily I got back I don't know and then you know as well as I do that three years ago when President Bush came out I thought he was gonna throw off.
And he told you and me and every other American -- this economy was going down a drain because a financial institutions we're gonna go bankrupt -- the federal government.
Poured all that money in which the federal government did.
And the financial industry didn't go under so we got hurt but we didn't get hurt in a catastrophic way it's almost like that now.
And I'm just saying to you.
If it's presented to you as -- as it has a congresswoman.
That the Democrats and the president are gonna caught an enormous amount out of their spending that would have to be the deal they're gonna cut enormous amount out.
In return for raising the debt ceiling one more time I think you gotta go with that and even less work.
They'd have to cut enormous amount including.
They would have to defund obamacare because that's the large that is not violent criminal history of the country -- that now and that's why can't go for it.
I can't help -- because because never will be able to balance our books ever in the future we let me -- one thing -- come to American business remember one thing.
If you win the presidency if you -- the next president.
Not going to be any more Obama can.
You're gonna repeal.
You bet I -- -- so reluctantly -- had a -- -- sitting -- calculation.
In your calculation now if you win.
Or another Republican wins Obama -- gone and the Supreme Court may do -- Crocker.
Bill I am committed to the full scale repeal of obamacare -- -- we need a president that has a titanium spine.
Which is what I have and I -- encouraging your viewers like hey -- to -- -- in the background.
I titanium -- -- you encourage your viewers to go to Michelle but I've got sound I hear more about Michelle Bachmann.
I congress and always a pleasure thank you next on the rundown -- Juan Williams.
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