This is something everyone should read.
On MSNBC today, Rachel Maddow explained how House Republicans are about to destroy the economy with their insistence that Obamacare be defunded.
MITCHELL:The reason people aren’t seized with this, they always work it out. There’s always a Christmas deadline, they will extend it by 30 days, 60 days, so people don’t seem to be focusing on this yet. The debt ceiling is where the rubber meets the road. Jack Lew says earlier in October they run out of cash. it’s a cash flow problem. If things are attached to that debt ceiling and we start looking at another downgrading of the US economy, that’s really serious stuff. That’s your 401(k).
MADDOW: That’s stuff that doesn’t get reversed even if retroactively fixed. when we had a credit downgrade as a nation, minor and controversial…
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