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   Brian Wesbury
Chief Economist
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  Wesbury Presents At Tea Party Presser about the “Debt Ceiling / Spending Cut” Debate
Yesterday morning, Brian Wesbury spoke at a press conference in Washington DC with leaders of the
Tea Party movement.  The press conference aired live on C-SPAN2 and can be viewed on their website
by clicking here.

The press conference lasted for more than an hour.  If you are interested in seeing Brian's comments, they can be found in four different spots.

At 26:23, Brian spoke about the debt ceiling.  He pointed out that the government can pay all interest with forecasted revenues.  In other words, not raising the debt ceiling was not the equivalent of default. 

He also spoke about Standard & Poor's "negative outlook" for the US.

At 52:34, he spoke about using the debt ceiling as a tool to control spending.

At 1:01:34, he reminded the press that the deficit was a bi-partisan issue and called Congressman Paul Ryan (R – WI) to task for voting for large increases in spending in past years.

Finally, at 1:13:30, he argued that the debt ceiling would need to rise, but using it as a tool was not extreme.

Again, a recorded version of the press conference can be found on C-SPAN's website by
clicking here.
Posted on Tuesday, May 10, 2011 @ 4:08 PM • Post Link Share: 
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