Hayzlett Warns Debt Ceiling Crisis Could Ruin U.S. Economy - KSFY News - Sioux Falls, SD News, Weather, Sports

Hayzlett Warns Debt Ceiling Crisis Could Ruin U.S. Economy

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 "America should be the greatest country in terms of leadership in this area and we look like total buffoons." Harsh words tonight from a South Dakota economic analyst. He says it's time for Washington to clean up its act...now.

 No real movement in Washington today on ending the federal government shutdown...now in its 13th day. A nationally known South Dakota economic analyst says all of this has gone on for long enough.

 "These politicians should be getting into a room and solving this as fast as possible." Jeffrey Hayzlett splits his time between Sioux Falls and New York. He is the former CMO of Eastman Kodak and now provides economic analysis for Bloomberg Television. "America should be the greatest country in terms of leadership in this area and we look like total buffoons." Hayzlett tells us it never should have gotten to this; that a solution to fund the government and fix the debt ceiling should have been signed, sealed and delivered a long time ago.
 And that what is happening now is costing us time, money and reputation.

 "Every time you do something like this it not only causes fear and uncertainty, it just puts money down the drain and makes us look terrible to the rest of the world." Hayzlett says he firmly believes if there is no debt ceiling agreement by the time the current one expires on Thursday, it will set the U-S up for real economic danger. "When our country's at war, Democrats and Republicans work together. We're looking at economic war. This could be economic ruin for our country."

 Hayzlett says White House staffers and Congressional leaders need to go into a room and not come out until this problem is solved with some sense of finality.

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