Laura Ingraham hosted Larry Kudlow of CNBC.
Kudlow said President Obama said he'd take a short term fix on the budget and debt ceiling and then move on, even as he insulted and fearmongered the GOP and the country. He said the country will not default. He said Obama needs to clarify what he means on these issues. Ingraham pointed out that the US owns more of our debt than other nations with most of it held by the Social Security trust fund. China, Germany, Japan hold large chunks of our debt.
Kudlow said he doesn't agree with CNBC's Jim Kramer that there would be economic shocks if the debt ceiling issue isn't resolved. He said spending cuts and changes in Obamacare would be necessary to improve the debt situation. Ingraham and Kudlow referenced recent polls stating that most voters want cuts to lower the debt, especially if the debt ceiling is raised. Kudlow pointed out that the GOP must make the case for a coherent plan for health care and the economy.
Kudlow praised the oped by Rep. Paul Ryan in the Wall Street Journal and Majority Leader Eric Cantor in the Washington Post as a good start for the GOP's message. #