How the Debt Ceiling Issue Will Hit Ordinary Americans in the Wallet - DailyFinance: "- Sent using Google Toolbar"
It is our congressional leaders who are being "dicks." Debt ceiling issues usually get bipartisan support. Call your congressman or woman and tell them to raise the debt ceiling.
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It also matters because all the parts of our economy are intricately intertwined, like a woven basket where each reed relies upon the next for support. Say the government postpones payments to a contractor. That contractor may decide to hold off on that new ad campaign it had planned to launch. Now, people working in the advertising industry, and maybe the newspapers and television channels that rely on advertising dollars, start to feel the pinch, and so those people decide to start saving more and spending less, in case the economy takes a downturn. Because consumers are now spending less money, stores start seeing a decrease in sales, and respond by reducing employees' hours or even engaging in outright layoffs. And it spirals downward from there."
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