Back on July 13th I wrote a post (The Scheme..In a Nutshell) describing my prediction of what was going to happen with the debt ceiling debacle. I was wrong on only one thing, they didn't allow the country to default.
Standard and Poor's has downgraded the country's credit rating which is going to raise interest rates on everything!
Congress just cost us another trillion dollars for absolutely nothing. All the squabbling ended up costing more than they were arguing about. S&P and Moody's both warned that this could happen.
Neither side can claim victory because we all lost our asses! My frustration is with both parties. Democrats have retarded leadership in Obama, Reid and Pelosi. Tea Party Republicans claim to be fighting for fiscal responsibility but their blunder just cost us all thousands more per year.
If you thought things were bad before, you better realize that unemployment is about to skyrocket. Goods will cost more, energy costs are going up and wages are staying the same. That equals inflation which means our dollars are worth less every day. Humker down because America is collapsing right before our eyes.
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