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
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