Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Regular Americans Could Face Debt Ceiling Disaster

Thursday, January 10, 2013 - 8:47 AM
Just when you thought it was safe to go back to your recovering economy, government watchdog groups are saying any delay in lifting the debt ceiling could push the economy not only back into recession, but cause millions of Americans to get stiffed by Uncle Sam.

That conceivably could include groups including taxpayers seeking a refund, military veterans counting on retirement benefits and federal employees looking for a paycheck.

Regular Americans Could Face Debt Ceiling Disaster | Home | Get the best rates on mortgage, home equity loans, CD, money markets and checking accounts | BankingMyWay
2
ShorebreakShorebreak2,379 posts since
Apr 6, 2010
Rep Points: 12,704
1. Thursday, January 10, 2013 - 9:36 AM
If past (in)action is any predictor of the future, raising of the debt ceiling will become the next recurring crisis.   Congress will kick this can down the road each time by temporarily lifting the ceiling without taking any permanent corrective action. 
3
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
Reply