Indeed, the debt will be downgraded whatever they do.
These nitwits do not see that Obama will not yield from making America into another irrelevant banana member of the UN.
The world is not going to rely on us, period, thus will not buy our debt, period. There is zero substance return in what we do when we give freebies abroad instead of maintaining our integrity. It is a ponzy scheme.
The debt should indeed be downgraded but only after new blood gets control of House and Senate or the Article COS gains serious substantial power to pass a Balanced Budget Amendment.
Then a debt downgrade with the budget resolution should be a wash.
It can’t keep going the way it is now; it just can’t. To guard the currency, we need real discipline and determined resolution.