Billy Long Claims No One Knows the Consequences of Failing to Raise the Debt Ceiling

It sounds like Billy Long may reluctantly support John Boehner’s debt ceiling proposal. However, he doesn’t think anyone really knows what would happen if the debt ceiling is not raised.

"No one knows the ramifications of not passing a debt ceiling increase, and this plan prevents us from finding that out," said Rep. Billy Long. R-Mo. "When Republicans only control one-half of one-third of the government, this is about as good of a deal as we are going to get."

Maybe, he should listen to people with Moody’s, S&P or the Bankers the GOP is always protecting from those pesky government regulators. All are in agreement that the country’s credit rating could be downgraded and there would be “very grave” consequences for the economy.