Robinson: Fitch Downgrading U.S. Credit Rating ‘Doesn’t Actually Mean Anything’

Scarborough: It always gets resolved, and it always gets resolved, not because we close our eyes and hope it gets resolved, it always gets resolved because our $25 trillion economy and the people who run it demand it gets resolved.

Robinson: Look, I don’t know exactly what they’re smoking over at fitch, but it’s like they all of a sudden realize there is political polarization in the United States and, you know, it’s like, all shocked and horrified. It’s been that way for a while. We’ve been to this brink of, you know, default many times now. Yes, in the end, we always honor the full faith and credit of the United States. It would be better, I think, if we did away with the debt ceiling and did away with this ridiculous exercise. Obviously, it makes people nervous, but to decide just out of the blue that, oh, gee, this is a problem, we have to downgrade, it seems ridiculous to me. I’m with jahmie dimon, it doesn’t actually mean anything.