US credit downgrade long overdue

posted by
August 14, 2011
Clovis News Journal
by Kent McManigal  
Posted in Commentary

"As soon as someone shows they have no intention of paying off their debts, and they keep racking up more like they can’t stop, it’s time to cut up the credit cards. It’s also time to warn others that the spendthrift is a bad risk. Then, if creditors choose to keep giving that person credit, it is no one’s fault but their own when they get left in the cold." (08/11/11)  


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