2 for one Quiznos and other randomness

[vvalkyri]

Don't mind me - too much coffee not enough sleep and need to drink some water.
And still feeling Monday night's class.

But anyway 2 quizno's subs for $6, if anybody cares

Comments

[shadeofnight]

The debt ceiling is not linked to out bond rating from what I can tell (from what I read today). I just read a story where the bound people might downgrade our rating ANYWAY because we are spending too much money and our limit to what we can owe and earn is reaching the point where AAA is no longer deserved

[vvalkyri]

I'd appreciate the link to whereever you found the stuff about the bond groups wanting 4T in cuts and the other stuff about this being a fake crisis

[vvalkyri]

I’d appreciate links to the stuff you mention re the bond folk wanting a 4T set of cuts and re this being a fake crisis

[he_who_wanders]

Please cite your debt ceiling links - I have not read any credible economic writings that suggest what you are saying.

Do we have to control spending yes of course. But if we don't
pay our interest then not only will we almost certainly be downgraded. In addition the uncertainty impact on the market
could be devastating. Finally this could drive the dollar out
of its position as the reserve currency.

[vvalkyri]

Argh. I had written a long response, then went to go find a link, then moved off the page, and the lj-reply in email doesn't save itself.

Anyway, I was pretty surprised to start hearing about the "downgrade regardless" on NPR yesterday or today; here's an excerpt Even if Congress manages to cobble together something that defers default for several months, the credit rating agencies might still decide that isn't enough. Without a longer-term plan to reduce the underlying deficit, those private agencies could choose to downgrade U.S. debt. Moody's, Standard & Poor's and Fitch Ratings have all issued warnings that they may downgrade the U.S. government's current triple-A credit rating

[shadeofnight]

I could not find all of them. But I remembered this one:

http://www.politico.com/news/stories/0711/60193.html

Just things I read off and on "on break" at work.