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**duminyricky** · 01-07-2011, 03:50 AM

Boehner can't raise the debt ceiling until the last minute or he'll face a teabagger revolt.
So, nothing will happen until the market panics and starts to signal a disaster, and then both sides will have the cover to make a deal.
Unfortunately, that will probably add a few hundred basis points to the interest rates for a few years, which really isn't that helpful.

As opposed to interest rates of almost zero which are drastically distorting various markets, the harm of which you can't understand.

01-07-2011, 03:50 AM	#29
duminyricky Join Date Oct 2005 Posts 464 Senior Member	Boehner can't raise the debt ceiling until the last minute or he'll face a teabagger revolt. So, nothing will happen until the market panics and starts to signal a disaster, and then both sides will have the cover to make a deal. Unfortunately, that will probably add a few hundred basis points to the interest rates for a few years, which really isn't that helpful. As opposed to interest rates of almost zero which are drastically distorting various markets, the harm of which you can't understand.
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