posted on Oct, 15 2013 @ 04:52 PM
so hulting the groth of debt downgrades our credit rating....ok
edit on 15-10-2013 by camaro68ss because: (no reason given)
Jeesus...ignorance is what is killing us.
Raising the debt ceiling is paying the bills that CONGRESS has ALREADY incurred. They spent the money already, that is why it is called DEFAULT.
If you want to halt the growth of debt...you don't stop paying your credit card bills...you stop spending...and the GOP Congress can do that through
Budget Conference and Negotiations and legislation...
Families don't look around and think they need to spend less and decide the answer is to stop paying their bills.
AND YES...If you look like you might stop paying your bills at any moment....Your credit rating drops...and if you actually do stop paying your
bills...your credit rating REALLY drops...
AND You pay MORE on ALL of your debt with new Sky-High interest rates...this BS is COSTING us money, not saving it.
edit on 15-10-2013 by
Indigo5 because: (no reason given)
edit on 15-10-2013 by Indigo5 because: (no reason given)