Bill O’Reilly: A Crisis That Will Hurt You If Not Resolved

By Bill O’Reilly

Earlier this week we interviewed Congresswoman Michele Bachmann, who says she will not vote to raise the debt ceiling no matter what. “Talking Points” respectfully disagrees with Mrs. Bachmann because if a debt deal is not reached, Americans will suffer greatly.

Now, I know some of you don’t believe that, but here’s even more evidence. Federal Reserve Chairman Ben Bernanke warned Wednesday that the nation faces a “huge financial calamity” if the debt ceiling is not increased. Also, the Moody’s financial analysis ratings agency is threatening to downgrade America’s bonds, which are now AAA-rated. That would drastically hurt the U.S. economy.

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