Reps. Steve King (R-IA), Michele Bachmann (R-MN), and Louie Gohmert (R-TX) introduced a bill today that they claim would help manage a government default if the debt limit is not raised by Aug. 2. The legislation is motivated by the right-wing triumvirate’s view that the default would not have severe repercussions on our economy. “I think we have plenty of money to service our debt,” King said today.
This afternoon on Hardball, host Chris Matthews wondered how King could come to such an aberrant determination that a default is not a threat. “You have some superior knowledge — what basis do you have for your judgement?” Matthews asked. “I do have superior knowledge, thanks for recognizing it,” King jokingly responded.
Over the next few minutes — at the very same moment Moody’s was reporting that it may downgrade the U.S. AAA bond rating — Matthews pressed King on where he gets his knowledge. Hilarity ensued:
MATTHEWS: Who are the people you’re dealing with? […]
KING: The American citizens. […]
MATTHEWS: So you’re polling in your district to find out whether the United States goes into default or not at the end of this month. … They know what’s going to happen…
KING: I have an independent judgment as well.
MATTHEWS: Ok tell me where it comes from.
KING: It comes from a long experience of dealing politically, and in business, and raising a family, and being an American citizen…
MATTHEWS: What does raising a family teach you about international finance? […]
KING: That’s not my only source of information — is raising my children. […]
MATTHEWS: Do you trust the Wall Street Journal, do you trust the New York Times?
KING: I read the Wall Street Journal. I sometimes read the New York Times. I don’t really trust it. I don’t trust the words of any source.
Matthews continued pressing King on whether he trusts the Chamber of Commerce and other conservative organizations who warn of a crisis if the debt limit isn’t raised. King said he challenges all those sources.
Matthews then asked if King could cite one — just one — international or domestic expert who he trusts on these issues and agrees with his view. King, of course, could not name one. Watch it:
Check out our special coverage of the Debt Ceiling Showdown here.