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View Diary: The heat is on: Bloomberg.com decimates Boehner and the republicans (229 comments)

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  •  And you sound un-informed. (4+ / 0-)

    If by "those people" you mean the rating agencies, you may scoff, but those whose fingers are on the bond buttons will respond to a downgrade by those agencies by demanding higher interest on US government debt.  That's reality.

    •  They also have already implied (3+ / 0-)
      Recommended by:
      Lying eyes, outragedinSF, Creosote

      that Boehner's short term pathedic excuse for a bill would cause them to downgrade, because of the two step part. And that was before the CBO blew it up anyway.

      There can be no deficit reduction without jobs, no jobs without growth, no growth without investment.

      by CoyoteMarti on Tue Jul 26, 2011 at 07:43:01 PM PDT

      [ Parent ]

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