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article imageGary Johnson: Republicans need to stand firm on debt ceiling

By Michael Krebs     Jul 18, 2011 in Politics
Appearing on Fox Business News on Friday, former New Mexico governor and Republican presidential candidate Gary Johnson urged Republicans to stand firm on the debt ceiling talks to get the right deal done now.
As President Obama and the Republican congressional leadership continued to debate the debt ceiling options before them, former two-term New Mexico governor and Republican presidential candidate Gary Johnson made an appearance on Fox Business News and suggested the Republican leadership work to craft a meaningful solution to the U.S. national debt.
"I'm afraid that what's going to come out of this is going to be perhaps a balance-the-budget bill but will be something way off in the distance and won't really address the problem now," Johnson said.
Johnson, expressing strong Libertarian views on fiscal matters and on social issues, has struggled in gaining widespread support for his presidential campaign among likely voters in the Republican Party. He trails Mitt Romney, Michele Bachmann and Ron Paul in the polls, with the latest poll from the American Research Group placing him and Tim Pawlenty below 1 percent among prospective voters in South Carolina, the first state in the South to hold a 2012 presidential primary, according to Sunshine State News.
However, Johnson's appeal is among Independent voters, where national debt management and fiscal concerns may resonate.
"I just hope the Republicans hold out," Johnson said. "No, don't make a deal. If compromise means that we're going to experience a collapse in our currency than that's not a good thing. Now is the time to really address this and we have an opportunity to do it, and we ought to do it. And Republicans ought to stand firm, and if that means losing their elected positions then so be it because I think that's why they did get elected."
The House is expected to vote on a largely symbolic measure, featuring a balanced budget amendment, and it is anticipated that the Senate will defeat it. Meanwhile, leaders in the Senate are preparing an option that would allow President Obama to increase the debt ceiling in increments, according to Fox News.
The debt ceiling will need to be raised ahead of an August 2 deadline to avert a U.S. default.
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