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Country. timothy geithner the treasury secretary said a default is unthinkable. chuck schumer as recently as this afternoon, i believe, said that a default would be catastrophic. it would be catastrophic, by the way. but here s what they don t tell you. there is zero chance. and i mean zero chance that we have a default. no chance at all. a default is when you don t pay your lenders, the bond holders. there is more than enough money coming in each month in taxes to pay off the bond holders. so there will be no default. i understand why the president and the secretary of the treasury and chuck schumer all liberal democrats, i understand why they do this. to scare people and try to get a better deal out of republicans. i get it. it s called politics. but when journalists, especially anchors. this is really disturbing. on broadcast networks on cable ....
President obama has said that we can t have a default in this country. timothy geithner the treasury secretary said a default is unthinkable. chuck schumer as recently as this afternoon, i believe, said that a default would be catastrophic. it would be catastrophic, by the way. but here s what they don t tell you. there is zero chance. and i mean zero chance that we have a default. no chance at all. a default is when you don t pay your lenders, the bond holders. there is more than enough money coming in each month in taxes to pay off the bond holders. so there will be no default. i understand why the president and the secretary of the treasury and chuck schumer all liberal democrats, i understand why they do this. to scare people and try to get a better deal out of republicans. i get it. it s called politics. but when journalists, especially anchors. this is really disturbing. on broadcast networks on cable ....