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Sen. DeMint: Obama Purposely Creating "Panic" Over Debt Ceiling

"We are not going to default, we have enough tax revenue to pay our bills. It certainly will be disruptive if we continue going on the track we're going on right now. We have enough asserts, Social Security, Medicare trust fund to pay those benefits if necessary. It's not ideal but we don't need to panic and rush into a deal and the President has actually been burning the clock with these secret negotiations pushing us against a deadline so he can create this panic. We need to keep calm and if the President would work with us on some reasonable cuts, we'll work with him on giving him an increase on the debt limit. Now is not the time to panic and do something else that is going to make our economy worse and cost us most jobs," Sen. Jim DeMint (R-SC) said on The "Today" Show this morning.

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