The financial world and the stock market have been rocked by the downgrading of the US credit rating by Standard and Poors. Given the poor state of the US economy and the government’s recent infighting to reach a consensus regarding the debt ceiling in a short time, have all spelled an end to the United States…
The on-going ‘debt ceiling ‘ crisis in the US is a great example of why we need to have a budget and live within our means. If the government of the United States of America-the most powerful government of the most powerful country on earth- can’t meet its financial obligations due to ever increasing spending,…