be doing from an economic standpoint that according to senior writer an editor for alternate joshua holland let's look beyond washington for a second because it's easy to get caught in what's going on in the beltway at least here in d.c. studios they were and even though a default may be averted with the u.s. on the brink of a credit downgrade has a damage already been done to the u.s. reputation over the world all over archie's report i have found out yeah you bet and here's why. and help us avoid before that ceiling nation default and this crisis time's running out the entire world is watching it's been a public spectacle filled with bickering grandstanding and lack of compromise i devise a debate over raising the u.s. debt ceiling creative and unprecedented climate of uncertainty over america's so-called sound economy the damage has been done and what happens now everybody really thinks the united states isn't so secure it isn't so safe even if the craziness subsides it seems to have got real close and who knows whether next month next year this won't blow up again since the underlying c

political field as well thank you so much for analysis that was senior writer editor for alter net joshua holland now beyond washington of course we're all focused on the beltway here but there is a huge amount of people that are watching us from afar that are affected even though the default may be averted at this point has the damage already. been done to the u.s.s. reputation the world over there as has dragged its feet over agreeing to pay bills that it has already promised this is money that's already been spent and then they said hey but we're not going to raise the debt ceiling to spend what we've committed and the same time washington has put their aaa credit rating of the united states in danger u.s. bonds are consider the risk free asset around the globe they're in everybody's books so people are paying attention to this in china or pensioners all over the world and the beltway it may seem that crisis can be avoided as marina part niamh makes the case damage has already been done beyond u.s. borders and help us avoid default debt ceiling nation default and this crisis time's running out