Perry calls fears of default overblown
AMARILLO, TX
"They're not going to shut down the collection of fees and
taxes, I'm thinking," Perry said, responding to a question after a
ceremonial bill signing. "There is still going to be revenues
flowing in. I think this threat that somehow or another the world's
going to come to an end and the threat of we're not going to be
able to pay our bills is a bit of a stretch."
Political gridlock has so far halted legislation to stave off
Tuesday's deadline to raise the nation's debt ceiling. Investors
anxious about the stalemate swept across Wall Street on Wednesday
and drove the Dow Jones industrial average down almost 200 points.
On Wednesday Perry called the gridlock political theater; a day
earlier he called President Barack Obama's speech addressing the
situation condescending.
The Texas governor is moving closer to jumping in the race for
the White House.
While he said he supports the so-called cut, cap and balance
approach, Perry did not say if he supported the plan proposed by
House Speaker John Boehner.
"I'm frustrated along with the rest of Americans, but the fact
of the matter is ... we've spent too much money, we've gotten our
house in bad shape and we need to stop spending."
