GOP presidential candidate Rep. Michele Bachmann (R-Minn.) argued against raising the debt ceiling on “The O’Reilly Factor” on Monday.
“The fact is we have sufficient revenue coming in to pay off the interest on the debt. We don’t have to default. We have a great bill that’s being put forward by Steve King of Iowa. It would combine paying off the interest on the debt first with paying the salaries for our brave men and women in the military. We deal with the must-haves like Social Security and Medicare, and then it’s tough love. I agree, it would be very sacrificial, but the one thing that we can’t do, Bill, is add another $2.4 trillion to the debt.”
“Government hasn’t gone on a diet. It’s private business that’s gone on a diet. It’s time to have tough love…It’s the federal government that needs to go on a diet.”
Bachmann hints that she would support raising the debt ceiling if Democrats agreed to defund the health care reform law: “They’d have to cut an enormous amount, including they would have to defund ObamaCare. Because that’s the largest entitlement in the history of the country.”