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Rush Limbaugh's new theory about Obama's debt ceiling deadline of August 2nd is because of his birthday and Ramadan. Isn't he such a classy fellow?
Moody's want to go to the party too so they need to lower our credit rating if we miss it.
Also, Fitch joins in the Ramadan celebration:
The Fitch credit rating agency has warned that it could downgrade the nation's credit rating from AAA to B-plus as soon as Aug. 4 if a deal is not struck to raise the debt limit.
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Such a move would significantly drive up interest rates for the government, which in turn would boost borrowing costs for all sorts of loans that use Treasury debt as a benchmark for their own rates.
Wonder if they're secret Muslims or something.
