What Is The Debt Ceiling And Why Is It So Important?

[BePositiveMindset]

It's also equivalent to "Lowering the floor". That probably doesn't sound as good though. End result, a deeper hole for "America" to dig itself out of.

[ohsnap]

i take out to much debt, my life is over, the governments mismanaging spending we will just borrow more, it will be exciting to see when the interest payments are more than actual spending that will be a time to be alive

[brettlott]

So I’m very clueless about the debt situation and most things about the federal government…. To me it sounds like me calling my mortgage company and telling them I’m going to raise my payments to be bi monthly payments.

[CWU]

Senate: there is no limit to piling on debt no need to cut domestic and military spending as McCarthy proposes, we can kick the can down the road and print more money, because the dollar is endless.

BRICS/ Saudi Arabia/ Petroyuan being used alongside the petrodollar laugh at Schumer as they enter the chat>

[DavidPerez-ojdv]

BANKS ARE CLOSING THIS IS BAD AMERICA THAT WE ONCE NEW IS NOSE DIVING THE COST OF EVERYTHING IS SKY HIGH RENT FOOD GAS I COULD GO ON

[merriemelodiesfan]

It's important because it affects everyone's financial future and Republicans are playing a dangerous game by tying spending cuts into the debt ceiling as blackmail. The debt ceiling was never meant to be used in this manner.