Monday, May 16, 2011

Tea Party Says 'Hell No' to Raising Debt Limit

Many of these members, buoyed by the Tea Party, argue they will not agree to raising the debt limit if their demands of major spending reductions are not met. Members of the Tea Party argue that claims about the repercussions of not raising the limit are over-hyped and simply "fear mongering."

"By raising it gives these guys cover to not make the tough decisions that need to be made," said Amy Kremer, chairwoman of the Tea Party Express. "What's coming out of the White House is a bunch of fear tactics that we're going to default on our debt and all this other stuff and its completely not true. There's enough revenue coming in from tax payments to pay our debt, pay Medicaid, pay Social Security, pay Medicare and still have money left over.

"Our message has not only been no, but hell no" to raising the debt limit, Kremer told ABC News.