The credit rating never hinged on the debt ceiling and they knew it. They just wanted more money to spend

The Debt Deal’s Dirty Little Secret

By Joan R. Neubauer —— Bio and Archives--August 15, 2011

American Politics, News | Comments | Back To Full Article

Throughout the “debt crisis” debate, the administration kept saying we had to raise the debt ceiling to avoid default and a downgrading of our credit rating. They were wrong.

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