Gasparino: It's “An Outrageous ... Overstatement” To Say “We Could Default On Our Debt If We Don't Raise The Debt Ceiling” Written by Media Matters Staff Published 07/23/11 11:26 AM EDT From the July 23 Fox News special Budget Brawl: Taking It To The Limit: Video file Previously: Morris Claims Failure To Raise Debt Limit Is “Not Armageddon,” “Not Default” Fox Vs. Fox: Debt Ceiling Edition