[New post] What is the Debt Ceiling, Why Does it Matter, and What Would Happen if America Defaults?

Jonathan Caswell posted: "I'M STILL HOLDING MY (ALTERNATE) BREATHS-!" By the Mighty Mumford What is the Debt Ceiling, Why Does it Matter, and What Would Happen if America Defaults? Jonathan Caswell May 24 Reblogged from Michael D. Turashoff: The debt ceiling is a term that refers to the amount of money the United States government is allowed to borrow to meet its current obligations. Since the U.S. government currently spends more than it brings in, these obligations include spending for all of the services the government provides to its citizens as well as the interest on the national debt. Read more… 1,011 more words I'M STILL HOLDING MY (ALTERNATE) BREATHS-! Comment Like You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from By the Mighty Mumford. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://bythemightymumford.com/2023/05/24/what-is-the-debt-ceiling-why-does-it-matter-and-what-would-happen-if-america-defaults/

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