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Sen. Tom Coburn (R-OK) is off his meds.
Here's a case of total denial.
Sen. Tom Coburn (R-OK) argued Monday that the notion the United States will default if Congress doesn't raise the debt ceiling is pure "rumor."
"Look, the debt ceiling and the continuing resolution are the same thing," Coburn said on "CBS This Morning." "There is no such thing as a debt ceiling in this country because it's never been not increased and that's why we're $17 trillion in debt."
"And I would dispel the rumor that's going around that you hear on every newscast that if we don't raise the debt ceiling, we'll default on our debt. We won't," he continued. "We'll continue to pay our interest, we'll continue to redeem bonds and we'll issue new bonds to replace those. So it's not entirely accurate."
"Look, the debt ceiling and the continuing resolution are the same thing," Coburn said on "CBS This Morning." "There is no such thing as a debt ceiling in this country because it's never been not increased and that's why we're $17 trillion in debt."
"And I would dispel the rumor that's going around that you hear on every newscast that if we don't raise the debt ceiling, we'll default on our debt. We won't," he continued. "We'll continue to pay our interest, we'll continue to redeem bonds and we'll issue new bonds to replace those. So it's not entirely accurate."
Well, that's a relief. I guess we don't have to worry about the debt ceiling anymore.
