Fox News commentator Bill O’Reilly and presidential candidate Michele Bachmann sparred over the debt limit last night, with Bachmann insisting the United States has enough tax revenue to pay off the country’s obligations without raising the limit.
O’Reilly started the interview with Bachmann by telling her that he thought it would be “catastrophic for America” if the debt ceiling isn’t increased. Bachmann has opposed raising the limit.
“We can pay off all of our obligations,” Bachmann said, and O’Reilly asked if she thought Treasury Secretary Tim Geithner is lying when he says the U.S. risks defaulting on some of its obligations if the debt ceiling isn’t increased.
“He’s wrong,” Bachmann said “All you have to do is look at the books. We have sufficient revenue coming in, we can pay off all of those obligations first, and we must, we always have, we always will. Everyone needs to get their feathers down and not get ruffled.”
Bachmann pointed to polls saying a majority of Americans oppose raising the limit. She repeated that she’ll only vote to raise the limit if Congress can defund President Barack Obama’s health care law, something O’Reilly notes isn’t on the table.
“You’re own leadership will [raise the limit],” O’Reilly said. “You are the renegade here. Those guys are saying we have to raise the debt limit, you know that.”
Here’s the full interview: