It isn't that the U. S. can't make changes and fix the mounting debt problem. It is that we will not do so as long as everyone running the country refuse to let the other side get anything done for political reasons. The country is going to loose it's AAA rating. This will cause real world issues with normal people. it will affect the price of gas and food. People who barrow money to start businesses will have trouble getting loans and will have to pay more for the loans they get. This means lost or never created jobs.
The same old argument comes to mind. Families can't work um-teen trillion dollars in debt, the government shouldn't either. The trouble is, this is starting to sound old. People have been so slapped with this analogy that it is not making seance any more. The truth is still there. You cannot escape it by getting board of complain.
One of the analysts on the news said he gets asked every ten minutes how much time the U. S. has left before people of the world wake up and stop buying U. S. bonds and securities. He said he has no idea and neither does any one else. It will happen. If any one is right about when it happens it will be because so many people made so many guesses that someone must be right.
Really scary stuff.
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