Republican refusal to lift the debt ceiling and their continuing threat to default on our obligations could cause the largest loss of capital, increase in interest rates, and loss of home values in history.
Therefore, Republican failure to raise the debt ceiling, and their threats to cause America to default on its debts, could lead to the greatest tax hike in Human History, and they will have done this all in the name of "cutting spending". This is just one more way Republicans' hypocrisy will hurt the average American they always claim to support.
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