Let me ask my colleague, who understands the financial markets as well as any of the Members on our side of the aisle, if it is true, as I understand it is, that today the difference between our triple A bonds, which are the most secure bonds, the U.S. debt, and those that are graded at what Moody's says they may have to be graded at, triple B, I guess, that is about a 3.5-percent difference, is it not, in terms of additional burden that anybody borrowing with the full faith and credit of our Government would have to incur; is that about right?
Victor Fazio: “Let me ask my colleague, who understands the financial markets as well as any of the Members on our side of the aisle…”
Editor's note · Context
Discussing the differences in bond ratings and their impact on borrowing costs.
Share
More from Victor Fazio
I have been reading the gentleman's amendment, and I think that I can come up with a number of phrases that would apparently be permitted but which, under his amendment, would be very questionable. Think of words like ``Think Joe Smith''…
It is my understanding that crop insurance was not part of the legislation when it passed these individual Houses and was added simply on the same basis that the food stamp provision was. There is some inconsistency.
As we get closer to the time the session comes to an end, and the election is not too far beyond that, is it possible we will take another crack at fast track before the session is ended?
Mr. Chairman, I want to ask the author of the amendment if he would explain to me what is different from existing laws. As I understand it, we have always required that every President, going back as far as I can remember, reimburse part…





