Mark Kirk actually said...

We do not want political correctness to say that we do not want to issue financial guidelines that would cause States to reduce their payrol...

I am worried that systemically the FSOC is not--maybe it is too politically correct and we have a Democratic administration so we cannot tal...

Creditors simply ask the question: Do you need to borrow more money next year than last?

I think the FSOC should say that States pose a systemic risk to the system.