1. On March 4 the government-funding resolution expires and it seems that a lot of Republicans in the House want to risk a shutdown of the government if they don’t absolutely get their way. That was a mistake when [former House Speaker] Newt Gingrich tried it in 1995. It would be a bigger mistake now. It is really playing with fire…. you can risk the credit markets really losing some confidence in the United States Treasury and that could create a deeper recession than we had over the last several years or, god forbid, even a depression.
    –

    Chuck Schumer warned on Sunday that if House Republicans, in an effort to flex their fiscal conservative muscles, held up passage of a budget this coming March, it could send the United States into a deep recession and possibly a depression. (via corruptpolitics)

    The Republicans should not mess around. If they don’t allow a higher debt ceiling and vote against it then the world financial markets will go into turmoil. It will be their fault then.

    (via corruptpolitics-deactivated2011)

    2 years ago  /  28 notes

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