Norquist: Dems Lie On Default Risk

Democrats in Congress and the White House have warned that a failure to increase the debt limit would lead the government to default on its debt, throwing financial markets into turmoil. But Grover Norquist, president of Americans for Tax Reform says default can be avoided without lifting the debt ceiling.

“This has been exposed as a political ploy, not a real concern, by Sen. Pat Toomey, R-Penn., who has introduced legislation that would instruct the federal government to pay debt obligations first,” he writes on Politico.

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