facebook
twitter
rss
account
search
search
 

Gingrich: Debt limit wrong battlefield

Jan. 15, 2013 at 11:42 AM   |   Comments

| License Photo
WASHINGTON, Jan. 15 (UPI) -- Republicans picked the wrong battle to threaten letting the United States to go into default to achieve deficit reductions, ex-House Speaker Newt Gingrich said.

"[In] the end, it's a fight they can't sustain," Gingrich, who unsuccessfully sought the GOP presidential nomination last year, said Tuesday on CBS' "Good Morning."

"No one is going to default," the Georgia Republican said. "No one is going to allow the United States to not pay its bills. No one is going to accept the economic costs. It rallies the entire business community to the president's side."

Gingrich said congressional Republicans have two better arenas in which to make their stand: the continuing resolution funding government that expires in March, and the sequester, which automatically cuts spending across the board unless it's addressed.

"[Those] two fronts they can fight, and they have much less resistance from the average American and it's much harder for the president to oppose them," Gingrich said.

Outgoing Treasury Secretary Timothy Geithner said in early January Congress must increase the debt limit within the next 10 weeks after Washington reached its authorized borrowing limit of about $16.4 trillion Dec. 31.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Six Flags fight leaves boy critically injured, may have been organized on Twitter Six Flags fight leaves boy critically injured, may have been organized on Twitter
2
Mayor of L.A. suburb shot, killed inside home Mayor of L.A. suburb shot, killed inside home
3
Kiev slams Russia for bringing criminal complaints against Ukraine's armed forces Kiev slams Russia for bringing criminal complaints against Ukraine's armed forces
4
Jury in 'loud music' retrial to get case Wednesday morning Jury in 'loud music' retrial to get case Wednesday morning
5
Wisc. reporter told 'not to speak to crowd' at Michelle Obama event Wisc. reporter told 'not to speak to crowd' at Michelle Obama event
Trending News
x
Feedback