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limit. >> i want to make it perfectly clear that congress will raise the debt ceiling. that's what treasury secretary tim geithner said. he also said if the ceiling doesn't get raised it wouldn't be good. >> it will make the last crisis looked like a modest crisis. it will be much more dramatic. the cost will go up for everybody. it will have a permanent devastating damage on our credit worthiness in the country. >> house budget committee chairman republican paul ryan is not scared he says he doesn't think it's a good idea to ignore the spending problem and keep borrowing more and more. he's not going to vote for an increase unless congress agrees to a decrease in spending. >> we won't simply raise the debt limit we will vote to have spending cuts and controls in conjunction with the debt limit increase. i don't see may 167th as a hard fast deadline. i think geithner will agree with that. >> democrat congressman says if people like ryan keep demanding debt ceiling increase they are playing a dangerous game.

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