8537
VIP Member
Please explain how your comment relates to the Obama Administration's desire to increase the Debt Ceiling, and how much a downgrade will affect the cost of doing so.
You wanna REALLY see a downgrade on both our debt and economic outlooks? Vote against raising the debt ceiling.
It'll be Dow 5000, Mortgage rates of 15% and a freeze in the credit markets by summer - and Republicans will have their wish.
What's the alternative....a worthless dollar....?
Two different, fairly significant and serious alternatives have been offered in the past three weeks: The Ryan plan, which reduces the deficit by 4.5T over 10 years and the administration proposal that achieves a bit less reduction in 12 years.
But if you want Republicans to vote to cause a severe recession, have at it.