White House Insists Short Term Deal Would Mean Credit Disaster

As Rory Cooper at The Foundry has noted I had a conversation with White House deputy press secretary Dan Pfeiffer through his official twitter account earlier today. Rory outlines the part of our back and forth that dealt with whether or not the President would sign any deal that made its way to his desk. Pfeiffer said yes but only because he seems to believe that Senate Democrats would never pass a short term deal.

Why does the White House believe Senate Democrats would never pass a short term deal? Well, according to Pfeiffer, a short term deal, despite raising the debt ceiling and staving off any possibility of default, would still likely lead to a downgrading of our national credit rating. Pfeiffer claims that this is what the credit agencies have said.

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