McDonnell gets a reality check on the debt ceiling
Rachel Maddow has given us a little history on Bob McDonnell’s tenure in Virginia and how he has gravitated towards the centrist position on raising the debt ceiling:
It isn’t so much that McDonnell is a centrist. It is that he got kicked in the teeth with the reality of what will happen to Virginia should August 2 happen without legislation.
Are you prepared for Virginia, with its pride in fiscal responsibility, to be one of the first off the cliff and lose its Triple A bond rating? I, for one, am not.
Tea-jaddists are not winning the war of words with anyone but their base and I hear that is getting a little shakey. There is a certain arrogance in assuming that one knows all the answers to not just the US economy but also to the global economy.