Have the Ds looked at Their State Finances?

[william the wie]

If they shut down the federal government and Trump stops payment on all the usual suspects the Ds are in grave danger of setting off a daisy chain of blue state downgrades of credit rating and, more remotely, possible defaults. However even with the slightest downgrade when the economy is starting to see unfilled job openings and therefore wage push inflation will ruin the finances of some of the blue states. Wage push inflation will cause the Fed to raise rates faster. With generally lower tax rates the attraction of munis is declining.

This sounds like the Ds have walked into a Trump trap again. The ratings agencies and the yield whores are going to jump all over the blue wall to get the highest yields possible and more. comments?