Rep. Ron Paul (R-Texas) suggested at the time that the repercussions of increased spending would be “much, much worse” than an immediate default.
During the debt-ceiling talks, Huntsman had supported a plan from House Speaker John Boehner (R-Ohio) that called for a limited debt-ceiling increase, included $900 billion in spending cuts but did not include a balanced-budget amendment. A number of other candidates in the field had voiced opposition to the Boehner plan.
In the same interview, Huntsman also touted his support for House Budget Committee Chairman Paul Ryan's (R-Wis.) deficit-reduction plan. The plan proposes Medicare reforms that would effectively change the entitlement program into a voucher system for Americans currently under the age of 55.
"I like the Ryan plan," Huntsman said. "I'm the only candidate who has embraced the Ryan plan."
Soon after he entered the presidential race, Newt Gingrich, who has recently jumped to near the front of the Republican primary field, had said he didn't think "imposing radical change from the right or left is a very good way for a free society to operate" when asked for his opinion of the Ryan plan. Gingrich's statement earned him strong conservative criticism, and he later walked back the remark.