Money Talks: Breaking down the debt ceiling debate

Don Bruce, the Director of the Boyd Center for Business and Economic Research and Professor in the Department of Economics at the University of Tennessee, breaks down what the U.S. government's debt ceiling is and how it affects Americans. WATE Midday News on Thursday, May 25, 2023.

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[jimmymiller]

If there is a debt ceiling, the people aren't running the debt up. It's the government!

[wash]

Hell yea don’t raise it, the federal bureaucracy can go to hell

[doyline]

Congress gave their power of regulation of money to private bank in 1913.

[juliam.mallen]

All you need to know is it's time to immediately pass the American Transportation Act and hold Congress responsible for not doing it sooner.

[chodkowski]

The longer they put this off then the worst it’s going to be in the end.

[regbale]

When your outflow exceeds your inflow, your upkeep will be your downfall. “Only 4.9T” sounded so trivial and yet it was a record in tax revenues. The problem is most people can’t live within their means and Government is leading that charge.

[helenadean]

DON'T ASK FOR MONEY, DONATIONS, GIFTS CDC WHITE HOUSE GOVERNMENT. YOU ARE PRISONER'S. YOU WILL NEVER BE FREE. NO APOLOGIES.

[mistyroses]

we do not need this stress social security retirement and ssdi are paid via payroll deductions so cut the drama already please give us a break!

[DannyLTerry]

INSTEAD OF GIVING THE RICH THERE ANNUAL REPUBLIKLAN TAX CUT'S RAISE TAXES ON THE RICH PERIOD, MAKE CORPERATIONS PAY THEIR SHARE OF ALL TAXES, CUT TAXES ON MIDDLE CLASS AND DOWN!!!!

[thesink]

Yellen says "bills", but she never says what they are... Why? You folks just said " bills " explain, please. Social security is not funded by government, its taxes paid to this fund. Government also owes social security 2.7 trillion, this is a " public debt" that by the 14- 4 constitutional amendment must be paid. But then again every presidents since 1983 administration has taken this funds money. Never paid it back. I consider this "theft"!! So when, if social security isnt paid, me and a few thousand other social security eligible recipients will be at the Treasury doors looking for our money!! Mx. Yellen, Congress, and Joe can look forward to meeting us!

[stupendouslife]

Debt ceiling reduction solution: raise taxes to increase revenue

[eltineloveall]

Imo only, this is theatrics. The date that the agreement has to be met, is a variable date…. Not necessarily May 30. It just is one side playing with insincerity against the other. It is crazy that those who We Elect to represent are acting like 2 year olds for drama. It is interesting that the President can keep throwing millions of 💰to Mr Z, without any problem, yet they worry about our debt limit. Where is the 💰coming from….a loan from CCP? Just IMO

[AnonymousGameWarden]

Really simple budgeting.. but just a bunch of monkey doofuses in DC lol.

[stevenbass]

This is the typical Democrat BS. Don't consider cutting spending or be more fiscally prudent just keep borrowing money.

[glennknauer]

Who is the government paying this "debt" to? This implies the government took out a loan. From who?

[RandosWelcomePodcastChannel]

Nice to see that equality has reached our news anchors now too. 🦛