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Ron Johnson: “I think the chances of the federal government bailing them…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Senator Johnson on Squawkbox -- 2/23/11

Published | Video Starts at 05:27

What do you think the chances are? Not, let's assume the worst case, that's these states start defaulting. What are the chances the federal government are really going to bail them I think the chances of the federal government bailing them out are very low. Part of the federal system, we have, you know, we have two senators from each state. There may be three or four states, but there will be, you know, in other words, there will be 46 states that aren't in that problem. (05:27–05:31)

CLAIM

Asserts that the likelihood of federal bailouts for states is very low.

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