correct? right. the last time we nudged up to this idea, those who are lending us money buying our bonds, insisted on what s called a risk premium. if the person to whom you re lending, if you re a borrower, is suspicious in terms of payback, you have to insist on a risk premium which makes the interest rates or yields higher and makes borrowing more expensive. actually, if you look carefully into the bond data which we love to do around here, you can find the beginning of some yield spikes on the shortest term interest rates, the one month treasury bills. even having this conversation, is economically a bad idea. but breaching the debt ceiling, that is recessionary. to jared s point there s a new treasury report out that is quite dire. the fact of the matter is breaching the debt ceiling is totally uncharted territory. so we have no idea it s