mcdonald of the fox business network. i guess there are other debt that is could be affected? >> it of the debt issue by fannie mae, freddie mac, the federal home loan bank, and surprisingly, debt that the issue is guarantying issued by the states of israel and's egypt, about $1.25 billion worth of bonds issued by egypt, that was a loan guarantee program that came about after the spring uprising, and also about $11.9 billion in bonds issued by israel, jon. so very interesting disclosure there. jon so when moody's and s&pes talk about potentially down jading u.s. debt that, has pretty big ramifications in the financial world. >> that's right, jon. also it would be the bonds issued by 7000 municipalities, and you know, we're hearing from j.p. morgan chase and bank of america that if there is a downgrade, it would hurt u.s. economic growth, which is already flatlining around 2 percent to 3 percent, so some talk of now if there's a downgrade it could push us into a double-dip recession, so this is serious stuff and both s&p and moody's are saying, jon, they want to see substantial credible plans, s&p is telling fox business a 1-3