I THINK THE GOP IS GOING TO DUMP THE BAGGERS

There's just too much at stake to risk pandering to the TEA Baggers, as this Bloomberg report shows:

Moody’s Will Cut 7,000 Top-Rated Munis If U.S. Downgraded, Reviewing More

By James Nash - Jul 13, 2011 9:01 PM MT
At least 7,000 top-rated municipal credits would have their ratings cut if the U.S. government loses its Aaa grade, Moody’s Investors Service said.

An “automatic” downgrade affecting $130 billion in municipal debt directly linked to the U.S. would occur if the federal level is reduced, Moody’s said yesterday in a report. Additionally, top-rated securities with no direct links to the national government will be reviewed for similar action.

POLITICO is reporting that Rep. Boehner is beginning to move away from the cliff and my sense of Mark Levin's speaking tone gives me some optimism that the idiotic few won't hurt the reasonable many,