For the past few weeks, the news media has been suggesting that if the US doesn’t come up with a budget, the financial agencies are going to down grade our credit rating. Well, guess what? One of the finance agencies has decided to down grade the US credit rating.
But, since only one finance agency has felt the need to do this, I have to ask; Did they feel compelled to do so of their own volition or were they caving to the pressure of the news media?
And, on top of that, the news media is suggesting that maybe interest rates will increase because of the budget issues. NICE!!!!! As if the greedy credit card companies need a reason to increase their interest rates.
But, some how, I think that this little media blitz may back fire on the media. And, they may be the ones who get their little pink butts bit.
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