Page 2 - Cannot Default News Today

>> in other words, the markets, our creditors are going to look at that and say thats not a fall back position, thats well short of what they should be doing. >> i think looking at the markets, theyre saying two things. first, the united states cannot default. and that is the bare minimum. i say that, again, only because it has to be clear that there are some extreme views in some places that think thats something we can do. we cant. the second is, we need to get our fiscal house in order. i thi...

Doing it with just about $2 trillion of deficit reduction. thats not a solution. thats not going to fool our creditors. >> in other words, the markets, our creditors are going to look at that and say thats not a fall back position, thats well short of what they should be doing. >> i think looking at the markets, theyre saying two things. first, the united states cannot default. and that is the bare minimum. i say that, again, only because it has to be clear that there are some extreme views in s...

Our creditors are going to look at that and say thats not a fall back position, thats well short of what they should be doing. >> i think looking at the markets, theyre saying two things. first, the united states cannot default. and that is the bare minimum. i say that, again, only because it has to be clear that there are some extreme views in some places that think thats something we can do. we cant. the second is, we need to get our fiscal house in order. i think weve said for some time now, ...