Tuesday, August 9, 2011

VIDEO: Tea Party cheers downgrade news

Very, very nice. Considering this is what a downgrade means for ordinary people:
Just like consumers, a lower credit rating would make it more expensive for the U.S. to borrow money and rising interest rates could be passed along to you.  It could also make other countries nervous about the U.S. economy and if they lose faith in the dollar,  the things consumers import will get more expensive, from the gas tank, to the grocery store, to the mall.
Not to mention the stock market plunge and wiped-out retirement savings.

Why does the Tea Party hate America?