Thanks a trillion, Republicans. Due to your hostage-taking over the debt ceiling, S&P just downgraded the US credit standing.
What does this mean to us?
It means that we’ll have to pay higher interest rates on the money the U.S. is borrowing. Way to go, Republicans, THAT will certainly help us rein in our deficit…paying higher interest…NOT!
The Republicans keep talking about fiscal responsibility yet they still keep doing bonehead things like threatening default on U.S. debts to get their way which ends up damaging our fiscal position.