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How the debt ceiling works

Posted on 23.06.2018
In the short-term, there are positive consequences to raising the debt ceiling. America continues to pay its bills. It's also a handy way of understanding the national debt and this mysterious thing called the debt ceiling. In much the same way, the debt ceiling is a limit on how much the government can borrow to pay for its programs and services.
But there are key differences between the debt ceiling and a credit limit. If the federal government cant pay its debts, it could play havoc on financial markets. It has become more like a speed limit sign that is never enforced. Federal government spent that day rounded off to the nearest million, of course and how much it pocketed in revenue.
Treasury called the Daily Treasury Statement. That's because the paper-thin debt ceiling is apparently the only restraint on out-of-control government spending. Then here's how to access the PPC boot selection screen.

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