Quote:
Originally Posted by Shaun @ Tru6
No you didn't. My question was how will the markets react to needing to raise it.
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Nothing if it is raised on a timely basis. The market already knows the situation. The market knows it must be rsised. No negative consequences.
Everybody and their dog knew the limit was hit earlier in the year. We have been shuffling money around to keep from going over. We will be out of the shuffling money in Sept. The ceiling will ne raised just like everyone knows it will be.
The debt ceiling, as I have said, does nothing if the budget doesn't take deficit into account.