Good. Getting cut off sucks but we have long since stopped being able to manage our credit card.
We no longer have the manufacturing base we need in order to “produce” our way out.
Our labor force is being co-opted by tyrants in various unions.
We no longer have good credit standing, so that we cannot “borrow” our way out of this.
The value and faith of the dollar has been teetering on the edge of a cliff for a year now. This pushes us over the cliff.
If this had happened four years ago or further back, I'd say, yes, stick it to us, it's what we deserve and its a bitter medicine that we need.
But I fear this is another step fulfilled in my prediction that what this current administration of communists is intending to do is to destroy the US dollar, destroy faith in the dollar, destroy faith in the markets, destroy faith in capitalism, destroy the value of all our assets (including our monetary savings, 401Ks, IRAs, etc.) until the American people scream and demand that we dump the US dollar in favor of a new global currency and that we give up our free-market system to have our economy run by a global, economic ministry.
Nobody but NOBODY would do what the Commie-in-Chief and his commie thugs have been doing with the hope of improving the economy. What they are doing is passing bills to give monetary handouts to their supporters while those dollars still have some value and helping Goldman-Sachs recoup their losses before the economy and our lives as we have known them completely collapse.