Tuesday, August 9, 2011

The First Step Is The Downgrade

With the United States credit lowered to AA+ status, it is only a matter of time before Americans feel their own sense of credit, or well being, become downgraded. Looking at what has happened in the last few months with the debt, the battle of Washington to pass a budget, and the world holding their breath, it is a wonder we are we are not worse off than we are.

The great divide caused a budget to pass that does nothing to solve the debt problem. When a ten year debt deal cuts the deficit from ten trillion to seven trillion, there still is a serious issue. It is only a matter of time before another credit rating agency steps up to the plate.

Please comment and give some ideas as to what you would do to resolve this debt burden. What can we do about our national debt?

No comments:

Post a Comment