range of calls and some people get well-reasoned arguments and others want to call up and raise cane with their congressman. they were peaking at 31,000 calls per hour at house of representatives. usually around 20,000, an average day and sent out a system alert saying that you know, that the phones were being taxed, the second time they had done this. by way of contrast, the high water mark for the deal was during health care, with 50,000. we re starting to see a little bit of a people calling up who are worried, that something might happen and you know, some people i talked to yesterday, people just average answering your kind of phone kind of people, on capitol hill. not chiefs of staffs, not members. starting to hear from business people, saying they were concerned there would be a triple-down effect and might have layoff people. and certainly the elderly, the social security checks, look, i live paycheck to paycheck on a fixed income, and if you, know, that check doesn t come
folks, ratings agencies doing it certainly before the august 2nd deadline. it s a whole other bet. and we re downgrade is inevitable, i told folks on this network and elsewhere that i think it is inevitable regardless of the kind of deal that they make. but having said that, barney frank did raise an interesting issue and one i want to talk up with a colleague and friend, house producer, just because that happens, it doesn t mean you just unload en masse triple-a securities because you re under the assumption, let s say you re a bank or brokerage house, chad, that you have to. what do you make of that? that s the interesting thing. it doesn t work like the government shutdown where the law funding a certain branch of the federal government expires at 11:59 p.m. at a certain day and 12:01 a.m. you don t have the money to run that. this is so long as the money is in the treasury to go out the door and cut the checks, social security checks, what have you, ostensibly nothing