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Thursday, July 28, 2011

The Social Poets: America: How A Bad Credit Rating Hurts Us All




The Social Poets: America: How A Bad Credit Rating Hurts Us All: "From Denny: With no debt ceiling deal in sight, Congress still squabbling and the American public fuming, we are left with contemplating just how damaging it will be to our daily lives if America defaults.

For an economic powerhouse like our country to be downgraded from its AAA rating is humiliating considering our status in the world. How can a country that gives away billions of dollars in foreign aid, finances an endless march of third world governments, no longer be able to pay its bills?"
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