How will the market react to downgrade?

[Cephalopod]

Absolutely.

If we were carrying far less debt, I would be on your side of the aisle in saying that we shouldn't worry about the debt right now and that once we get out of this economic shitstorm, we would focus our efforts on lowering it.

So, during the economic shitstorm is a good time to make major policy shifts to cut spending, despite the fact that those decisions will cost jobs and revenues?

If this is the case, what was the critical mass of debt where it became untenable?