Debt-Limit Deniers Scoff at Geithner’s Warnings of Default
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It’s debt-limit hysteria, says Pennsylvania Senator Pat Toomey. Scare tactics, says Senator Jim DeMint of South Carolina. To Representative Joe Walsh of Illinois, it’s fear-mongering.
A growing number of Republicans are scoffing at warnings that failing to raise the U.S. debt limit would trigger a financial catastrophe. Treasury Secretary Timothy Geithner’s cautions are merely aimed at stampeding Republicans into lifting the $14.3 trillion limit, said Toomey.