DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - 'No risk' the US will lose its top credit rating, says Treasury's Geithner

**ArrereGarhync** · 08-06-2011, 07:13 PM

Exactly.. We kept it up till we have a giant debt.

When creditors are concerned that we can't pay, they want higher interest rates as a consequence..

This translates to wasted money and higher costs for consumer borrowing.

It's just bad all the way around.

And we can't even pay the interest as it is. LOL
This is a train wreck waiting to happen. This can only end with us turning into Zimbabwe, at war with China and it's allies or both.

08-06-2011, 07:13 PM	#21
ArrereGarhync Join Date Nov 2005 Posts 416 Senior Member	Exactly.. We kept it up till we have a giant debt. When creditors are concerned that we can't pay, they want higher interest rates as a consequence.. This translates to wasted money and higher costs for consumer borrowing. It's just bad all the way around. And we can't even pay the interest as it is. LOL This is a train wreck waiting to happen. This can only end with us turning into Zimbabwe, at war with China and it's allies or both.
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