Prominent market commentator Jim Cramer reportedly warned investors on Wednesday that politicians will cost them money as the debt ceiling row continues with no solution in sight.

“Be prepared for our politicians to lose you more money,” Cramer said, referring to the earlier debt ceiling dispute in 2011. “They hurt you then. They’re not done hurting you now. But unless you take action. “As a full-time worker, it’s very difficult to get out and back in early enough to make a difference, which means most of us have to endure the pain,” he explained after to a CNBC report.

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The market expert pointed out that while the US finally reached an agreement in 2011 and averted the worst-case scenario, the impasse was enough to break the situation Standard & Poor’s Government credit rating downgrade.

Cramer’s comments come at a time when Fitch Ratings has rated the long-term issuer rating for foreign currency issuers as “AAA”. USA at Rating Watch Negative. The rating agency said its action reflects increasing political partisanship toward a solution to raising or suspending the debt ceiling, despite the fast approaching X-date – the day when the government is expected to run out of self-financing options.

The expert also discussed the benefits of selling stocks ahead of a potential market decline, but worried that many investors might not be able to buy them back fast enough to realize potential gains.

“However, I would be reluctant to advise you to sell and buy back later as we don’t know if you’ll be able to get back in before the all-clear is given,” Cramer said, according to the report. “However, if you think our leaders are serious about reaching an agreement then it could be worth sidestepping the upcoming decline – and if we go with the 2011 scenario it would be about a 12% decline from here give.” at the bottom,” he remarked.

There are also first signs of a gloomy investor situation on Wall Street …