Ron Paul and Michele Bachmann Reject Raising Debt Ceiling and "Cut, Cap and Balance"

Republican presidential candidates Ron Paul and Michele Bachmann have voted not to raise the federal debt ceiling and not to support "Cut, Cap, and Balance" (the bill that passed the House on Tuesday that would raise the debt limit by $2.4 trillion accompanied by mandatory spending cuts and a balanced budget amendment).

Michele Bachmann has said elsewhere that Secretary Geithner should pay the interest on the debt and the brave men and women in uniform.



Ron Paul says we won't stop sending out the checks but we will default.




Based on their votes, the federal government would still be able to pay 59% of its bills.