Source: Rawreplay
By David Edwards
In an interview released by ABC News Monday, House Majority Leader Eric Cantor said that he had no reason to doubt Treasury Secretary Tim Geithner’s warning that the U.S would start defaulting on its obligations if the debt limit was not raised by Aug. 2.
“Secretary Geithner feels August 2 is his deadline,” Cantor told ABC News Jonathan Karl. “I don’t question the Secretary of the Treasury other than to say we’re trying to get in place real spending reductions — trillions of dollars of spending reductions — if the president wants us to increase the credit limit of this country by trillions of dollars.”
Cantor’s message seemed to be at odds with newly elected tea party Republican congressmen who said they weren’t convinced after meeting with Geithner.
“There were a lot of groans,” Rep. Frank Guinta (R-NH) told The Hill.
More and see the video at:
http://www.rawstory.com/rawreplay/2011/06/top-gop-lawmaker-refutes-tea-party-claims-about-the-debt-ceiling/