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Immediate toll from downgrade won't they say be on rates Standard&Poor action will put a scare into financial markets and jar the nation's economic has any one ever heard of Standard&Poor I haven't so the down grade in credit what's going to happen next? The real danger from the down grade of U.S government debt by Standard &Poor isn't higher interest rates It's the hit to the nation's fragile economic psyche and rattled financial markets their decision strip U.S of it's sterling AAA credit rating what does this honestly do for us as the American people ?Should we set back and see what happens I guess it isn't going to be pretty this the agency is striking at the heart of what makes the global economy tick says Chris rup key chief financial economist for the bank Tokyo-Mitsu bisish UFI One economist Paul Dales of Capital Economics worried Saturday that the downgrade could trigger another financial crisis that sends Western economies back into a recessions. So the areas of worry are social security ,health care,taxes,debt limit, so is it a set back and see what happens we as the American people have to work on theses issues see what we need to do. What about the debt ceiling was it right how do other Americans see this.