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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (621571)7/27/2011 11:31:57 AM
From: Alighieri2 Recommendations  Read Replies (1) of 1577123
 
A credit downgrade for the U.S. could prove detrimental as the country struggles to regain its economic footing. With a lower credit rating, the government’s borrowing costs would likely increase, by $100 billion annually by one estimate. Interest rates on home mortgages, and loans for cars and other purchases could also increase, cutting into consumers’ spending power.

This outcome is certain if we slip into default, something for which you were cheering...you post proof your extremism...

Al
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