Scary Quote of the Day Wednesday Edition
Submitted by Ryan on July 20, 2011 - 10:50am
I am pretty sure that credit agencies want the debt limit gone completely, but I am just going off of what they actually say. Vicky Hartzler on the other hand…
But Hartzler insisted that the bigger threat to the United States’ credit rating is the deficit itself. She said it’s an issue that could only be resolved through the kind of hard and fast spending limits proposed in the House bill.
“(Bond rating services are) not saying we’re going to downgrade your credit rating because you don’t raise the debt limit and borrow more,” Hartzler said. “They’re saying that the real threat to our economy and our credit rating is because congress has not passed something like the cut, cap and balance plan.”
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