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What does a US downgrade really mean to average Joes? Only one thing is evident though, that we could be faced with higher taxes as well as higher interest rates on mortgages, credit cards, loans, etc. I hate to say that a lot of people are already hurting but this could certainly make a bad situation worse.
Already there are millions of Americans out there without jobs and they are barely surviving to feed their families, shelters are packed with decent people and their families because of joblessness. Then the US credit rating takes a different turn, it’s like our credit score has just been downgraded from 850 to 720. WOW! Is all I can say?
I’m trying think about what all this could mean, we are definitely in unchartered territory. The standard of living is on the rise while everything else including the economy is taking a nose dive. Just a few years ago, we spent about $300.00 on food per month for a family of five, today, that amount has almost doubled.
Nowadays, a lot of people are forced to work more as they are paid next to nothing, and what this means is that divorce will be on the rise because married couples no longer have time for each other. All they have to do is work, work, work, LOL; this is survival of the fittest.
Nobody knows what’s going to happen tomorrow, all we can do is hope for the better, and pray hard that this downgrade doesn’t materialize. It’s like David to the rescue. Oh please, come on here, we need a relief. We are being hit from every direction, instead of getting a relief, it’s like fasten your seat belts and brace for impact, LOL; and I know from the deepest wells of my soul that this isn’t funny, it’s a hair pulling experience, trust me.
I really don't know what to expect any more, I spend most of my nights awake, trying to think about what to do next, but I know that my faith keeps me moving forward even if I don't feel like getting out of bed sometimes. Especially when you have those litttle faces who do not understand or even care about what's going.
The little ones are the ones that are making me stand my ground, they have to eat no matter what, whether you have a job or not, they really don't care. And that is my why, what is yours?
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