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comment by mk
mk  ·  4141 days ago  ·  link  ·    ·  parent  ·  post: Credit where credit is due -- is Boehner playing a deeper game?

I wonder. Even so, if it came down to it, it would probably be better than the alternative. No doubt the US credit rating would be hurt, but I can see the markets considering it to be a temporary political extension. QE isn't substantially less magical, and the markets are loving that.