Here We Go Again – House GOP Threatens Default & Credit Downgrade

Here we go again… the budget agreement hasn’t even reached the President’s desk, and House Republicans are already threatening to default on our bills, which could cause another credit downgrade and further harm our economy. As the Hill reports: 

“Rep. Paul Ryan (R-Wis.) on Sunday said Republicans will insist on more concessions for raising the debt limit in early 2014, indicating that the fiscal ceasefire he brokered in a budget deal may not last long.”

“’We don’t want nothing out of this debt limit,’ Ryan said on ‘Fox News Sunday.’ ‘We are going to decide what it is we can accomplish out of this debt-limit fight.’”

So House Republicans are regressing back to their old ways, lurching between manufactured fiscal crises.  

 Which is funny, because just last week, Rep. Ryan said: “I think this agreement is a clear improvement on the status quo. … this makes sure that we don't lurch from crisis to crisis.” [Money News, 12/10

 Guess old habits die hard.