WASHINGTON – Do Republicans want the country to default? President Obama makes it sound that way, as the stand-off over the budget rapidly turns into a stand-off over the debt ceiling. “They are threatening to actually force the United States to default on its obligations for the very first time in history,” Obama said Thursday in Maryland. But the claim is one of several that don’t quite comport with the facts. In the event Congress does not raise the debt ceiling, the Treasury Department “would make every effort to avoid default,” said economist Douglas Holtz-Eakin.
Posted on: Fri, 04 Oct 2013 22:54:58 +0000
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