THE problem is that for some reason people do not understand the problem.. one more time....
The problem is NOT just the debt ceiling.. it is the Debt ceiling AND the DEFICIT SPENDING..
The rating agencies are saying they will downgrade our rating EVEN IF THE DEBT CEILING IS RAISED.. UNLESS we also make significant progress in getting our DEFICIT under control.
do not just raise the debt ceiling.. That is what Obama wants.. and that will NOT Do it..
We must make significant progress in getting our DEFICIT under control.. THAT IS hundreds of billions of dollars every year cut NOW.. even Ryan's proposal which was demagogued by Dems is not enough..
PHONEY deals with Boehner and McConnell and Obama are not going to do it... and unfortunately that is all we are going to get..
Our credit rating is going down.. soon.. according to the interview with S and P on Cavuto this morning.. very possibly before Aug 2nd.. and Cavuto implied even possibly monday morning.