Barney Frank: There Was No Risk of Default

Despite all the threats from Democrats that the Tea Party was putting the nation in grave danger by pushing negotiations to the final moment on the debt ceiling bill, Barney Frank says he wasn't worried, and he would have voted no even if his vote had been the deciding one.

...I also believe that if this had fallen, what you would have seen would have been an immediate short term extension.

Further evidence proving just how cynical the president was being when he told seniors their Social Security checks might not go out on August 3rd if congress didn't work out a compromise.