On Tuesday, President Obama claimed if the House didn't raise the debt limit 401Ks and home values would fall, borrowing costs for mortgages and student loans would rise and we'd be at risk of another very deep recession.
And while these comments are consistent with what a handful of lawmakers and economists have been saying for weeks, do President Obama's claims pass the SMELL TEST?
Tom explains below why he's not buying the hype over the debt limit and the risk of default. In fact, he accuses the Democrats and other of crying wolf! LISTEN BELOW & LET US KNOW WHAT YOU THINK: