Read time: 1 minute

Rush Limbaugh On Debt Ceiling Deadline: "Had To Get A Special Dispensation" To Fundraise On Aug. 3 Because Of Ramadan

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.

[oldembed width="320" height="240" src="https://cloudfront.mediamatters.org/static/flash/pl55.swf" flashvars="config=http://mediamatters.org/embed/cfg3?id=201107140020" resize="1" fid="10"]

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:

Fitch warns US could lose AAA rating by Aug. 4 without deal

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.
--
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.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Comments

NOTE: We will be changing to a new commenting platform in the next couple of weeks. We will supply more details as we get closer to the change. We understand some users are having problems with comments loading and this will hopefully remedy that problem

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.