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I do not want America to default on its debt.

Nobody wants the United States to default on its debt. Nobody. But, at some point in time, we've got to address the fiscal woes of this nation.

If we reach the debt ceiling, we don't have to default. Getting to that point just won't allow us to reach new debt.

After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.

A default on our debts as a result of not meeting our obligations would be a disaster for the stock market, and Americans would see their retirement funds shrivel up.

Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.

I really truly worry that the debt is one of the single biggest threat to the United States of America, that we're talking about a problem that is multi-trillion in its depth and I think we ought to be cutting more.

I think at the end of the day we have to raise the debt ceiling, because America pays its bills.