Should Muskego Worry About the Debt Crisis?
Area lenders say it's a 'wait and see' game, and consumers haven't been vocal in their concerns.
I'll be the first to admit, the drone of debate on the debt ceiling has been white noise for me. It's summer and it's difficult to get seriously focused on topics that ruin the fun. Apparently, I'm not alone. Checking in with our area lenders*, they report little inquiry or concern about the ability to borrow money beyond August 2, which is the deadline for the United States to be able to borrow money. In other words, spending and borrowing will reach the max on the US' credit card then. As an article in Wise Bread explains, "In the same way we saw Americans living outside of their means by taking out too much credit to buy bigger homes than they could afford and maxing out their credit cards, the U.S. government uses too much credit. …
