US Debt Downgrade

[GTO Man]

The ramifications of this could be huge. Are you worried about its affects?

World Reacts To U.S. Credit Downgrade

Channel 3000 CNN Story

Topic

[moparkid25]

Yes, I am.

Interest rates will skyrocket on everything from car loans to credit cards to mortgages. Better to pay off what you owe on now, and ride this thing out. Save your money, and in the end you will be happier because you did.

I’m actually thinking of taking out of some of my investments and pay the tax on the money now, use it wisely, and invest the borrowed amount back over the course of a year.

[GTO Man]

Sounds like some political motivation over the downgrading. Is any agency untouched from the garbage that influences?

[Author]

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