The US Debt Ceiling Explained #shorts #shortfacts #debtceiling #finance #economics

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Shared March 29, 2023

The US debt ceiling is a limit on the amount of money the US government can borrow. If the debt ceiling is reached, the US government will not be able to pay its bills. This could lead to a default on the national debt. The debt ceiling has been raised or suspended multiple times in the past, but it is a controversial issue. Some people believe that the debt ceiling should be abolished, while others believe that it should be raised or suspended more often. There is also disagreement about how much debt the government should be allowed to incur. #debt #ceiling #usa #government #money #borrow #bills #default #national #debt #raise #suspend #controversy #abolished #raised #suspended #allowed #incur #explained #youtubeshorts #finance #economics #budget #deficit #stimulus #taxation #spending #debtceiling #politics #government #law #legislation #federal #congress #house #senate #whitehouse #president #executive #branch #constitution #lawmaking #politicalprocess #policy #reform #change