Billion a year. That means about raising the debt limit, we wont be able to pay bills worth about 700 billion. That means Social Security recipients, defense contractors, that means bondholders, a lot of different people. It will affect everybody there very significantly if we dont raise the debt limit. Host what would it mean for the u. S. Federal government, our Credit Rating if that doesnt happen . Guest not speaking for the Rating Agency, but i suspect it would mean a lower rating. You can remember back in 2011, we had another scare with regard to the debt limit. We ultimately raise the debt limit before we breached it, but Standard Poors downgraded the u. S. Debt at that point in time because of the dysfunction over the debt limit signaled. Its very likely will see other downgrades if we breached it. Host why do we continue to keep having this debate . Are we not raising it far enough . Guest actually it has been suspended. Its not a matter of raising the debt limit enough. Its a
Household today. See that reduced. Host and how do you go about doing that . Funded . You guest funded by a variety of private we have individuals, foundations and uch less, in fact, than corporations. We respect privacy of our that i but to the extent dont know who they are. So, it is going to be very to tell me r them what to do when i dont know who they are. Talking about ay shrinking government bureaucracy, on the competitive website, institute cei. Org. This report focuses on the agencies and as he said a moment ago, regulatory of cei. The focus why these seven agencies that on here . Guest this all came about as result of the president s reorganizing r on the executive branch. He asked for recommendations agencies, but also asked for recommendations from outside. A few other ite think tanks and group necessary washington, d. C. , we submitted decided to ons and polish them off and present them to the public, as well. Them, it iswe chose the areas in which we have the most experti
Billion a year. That means about raising the debt limit, we wont be able to pay bills worth about 700 billion. That means Social Security recipients, defense contractors, that means bondholders, a lot of different people. It will affect everybody there very significantly if we dont raise the debt limit. Host what would it mean for the u. S. Federal government, our Credit Rating if that doesnt happen . Guest not speaking for the Rating Agency, but i suspect it would mean a lower rating. You can remember back in 2011, we had another scare with regard to the debt limit. We ultimately raise the debt limit before we breached it, but Standard Poors downgraded the u. S. Debt at that point in time because of the dysfunction over the debt limit signaled. Its very likely will see other downgrades if we breached it. Host why do we continue to keep having this debate . Are we not raising it far enough . Guest actually it has been suspended. Its not a matter of raising the debt limit enough. Its a
Billion a year. That means about raising the debt limit, we wont be able to pay bills worth about 700 billion. That means Social Security recipients, defense contractors, that means bondholders, a lot of different people. It will affect everybody there very significantly if we dont raise the debt limit. Host what would it mean for the u. S. Federal government, our Credit Rating if that doesnt happen . Guest not speaking for the Rating Agency, but i suspect it would mean a lower rating. You can remember back in 2011, we had another scare with regard to the debt limit. We ultimately raise the debt limit before we breached it, but Standard Poors downgraded the u. S. Debt at that point in time because of the dysfunction over the debt limit signaled. Its very likely will see other downgrades if we breached it. Host why do we continue to keep having this debate . Are we not raising it far enough . Guest actually it has been suspended. Its not a matter of raising the debt limit enough. Its a