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And it's, it's hard to say there won't be a problem. >> so this would be even though, even if there's a debt deal, we could still get a downgrade, because of the buildup in spending liability? is that it? >> that's right. standard & poor's has been the most explosive, saying even if there is a deal here, there could be a downgrade and it's bizarre, the rating agencies have held themselves out at merely an offering opinion about a risk. you wonder how a long-term default happens, assuming we keep raising the debt limits, but i think, what they're looking at is 10 trillion in publicly held debt....

There won't be a problem. >> so this would be even though, even if there's a debt deal, we could still get a downgrade, because of the buildup in spending liability? is that it? >> that's right. standard & poor's has been the most explosive, saying even if there is a deal here, there could be a downgrade and it's bizarre, the rating agencies have held themselves out at merely an offering opinion about a risk. you wonder how a long-term default happens, assuming we keep raising the debt limits, but i think, what they're looking at is 10 trillion in publicly held debt. the obama budget submitted...

To be added the next decade and it's, it's hard to say there won't be a problem. >> so this would be even though, even if there's a debt deal, we could still get a downgrade, because of the buildup in spending liability? is that it? >> that's right. standard & poor's has been the most explosive, saying even if there is a deal here, there could be a downgrade and it's bizarre, the rating agencies have held themselves out at merely an offering opinion about a risk. you wonder how a long-term default happens, assuming we keep raising the debt limits, but i think, what they're looking at is 10 tri...

Trillions more that are going to be added the next decade and it's, it's hard to say there won't be a problem. >> so this would be even though, even if there's a debt deal, we could still get a downgrade, because of the buildup in spending liability? is that it? >> that's right. standard & poor's has been the most explosive, saying even if there is a deal here, there could be a downgrade and it's bizarre, the rating agencies have held themselves out at merely an offering opinion about a risk. you wonder how a long-term default happens, assuming we keep raising the debt limits, but i think, wha...