This story isn't actually from Idaho, it's from Utah. KSL is a television station in Salt Lake City and the Smith's mentioned is pretty close to my house in Murray. Just thought I'd clear that up.
All i could be scared about is that student loans may be harder to get. I'm a college student and I commute, and I'm on a full-ride scholarship so I don't owe any money to anyone. However my parents have to pay a house mortgage, two cars, and several other small loans, so it's them i'm worried about. I think this won't affect middle and lower class people, but the majority of wealthy people who have invested a lot of money in the market.
http://www.youtube.com/watch?v=Hgtf0X9bfRE
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