What is the debt ceiling?

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Information What is the debt ceiling?

Title	:	What is the debt ceiling?
Lasting	:	3.33
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Don't fret, the debt ceiling always goes up I wonder if 2008 crisis survivors had it easier I'm concerned about the stock market, I've lost $35,000 this month, and my income is down Worried I won't save enough for retirement as I can't add to my savings
Comment from : Clement Russo

Imagine being so bad with money that you can steal 40 of peoples income and still end up in 33 trillion dollars of debt
Comment from : Furan Duron

its unconstitutional and dems never hold the government hostage They increased 3 times under trump while he borrowed 8 trillion dollars
Comment from : tim tebone

Don't help Ukraine pleasssssss 😭
Comment from : Kelvin Costner

That old man on depends is the one hurting our economy
Comment from : El

Debt and interest is just a bubble and when it bursts recession happens
Comment from : Mir Muzzammil Ali

It’s important to know your investment goals and what sort of returns you aim for It is easy to find constant low risk investments options that keep up with or slightly pass inflation, but anything above that comes at the cost of more risk Are you a fundamental or technical guy? Day trader, swing trader, buy and hold? Are you willing to take safer lower investment income over riskier higher income? Do you believe in market indicators? Can you recognize if you are trading out of greed, or if you are trading with a plan and purpose with stops put in place? That all takes time to learn and we all know that the economy and the markets are not the same thing
Comment from : Elin Meyer

Jamie dimon for president 🇺🇲
Comment from : Mustafa Ibrahim

High prices for everything have severely affected my plan I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before
Comment from : Greggs Berdard L

These clowns 🤡 in suits can't do nothing right GIVE THE LAND BACK iDiOTS‼️
Comment from : Lillian Jordan

lol keep creating more fake money and increasing the debt The collapse will come soonerbut its coming Fake system
Comment from : who are you

It’s time to get rid of the privately owned central banks! Only the public treasury should be able to print money!
Comment from : Lewis C

When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust
Comment from : Hersdera

Protecting your capital is much more important than making money Basically because if you lose your capital, making money is much harder ''Missing the train'' vs ''losing your money'' There are a lot of trains, but if your money is gone, it's over
Comment from : Benoit Massicotte

Pay your DEBTS Debt free person HERE!!!😮😮😮😮😢
Comment from : Rocker Chick

Average people wont know until all gov offices closed shop due to no salary
Comment from : Ryan H

Every day we encounter novel challenges that have become the new standard Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them
Comment from : Rochelle Trembly

This is based on the assumption that the US government has the right to use our taxes to pay interest on loans and can't balance a checkbook
Comment from : lhpoetry

Ghost of a fighter pilot lost in action and never buried
Comment from : Fuk Off

WHEN EVERYONE IS IN A STATE OF CONFUSION brTHERE WILL ALWAYS BE A VERY IMPORTANT [KEY] APPEARING brWHETHER IT IS A NOBLE PERSON OR A LOW EBB EXPERIENCE BUT IN CONCLUSION brWILLINGNESS TO CHANGE WILL LEAD TO A BETTER DIRECTION
Comment from : Clayton Gelles

Funny to watch
Comment from : Bilo Rutherford

It is a government inspired crisis this time The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless The next milestone is the 15th when the government issue a new batch of Bonds I have approximately 350k stagnant in my portfolio that needs growth What is the best way to take advantage of this downturn?
Comment from : Leon Donald

This guy is a politician
Comment from : A M

This year has been uncertain, I've been in the red but playing the long term game, so I'm not worried Jim Cramer mentioned there are still great opportunities to make a killing and I also watched a news emphasizing on what possible strategies expert investors apply in making millions amidst crisis I'll do everything to save my dipping portfolio $242k at the moment
Comment from : simon fes

Retiring in 20 years? Due to inflation, you may need upwards of $26 million to maintain your existing lifestyle, with the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before
Comment from : Diana Rabbani

Here’s a sobering thought In October 1981, the national debt reached $1 trillion The average starting salary was $22,000 Those entering the workforce in 1981 are now retiring, have retired or are about to retire If their salary kept pace with the debt, they’d earn about $660,000 in the last year of work: much higher than today’s average salary at retirement If things continue, there will be a catastrophic ending to this story: it’s not that the recent agreement avoids a catastrophe; it’s delaying it and perhaps making a much worse ending to this saga a possibility
Comment from : hughmcmanus

Why can’t we make it $100 trillion? It seems that we could just lean on the zero key
Comment from : jimmyboy1582

THE UNITED STATES INC is insolvent! brFRN’s / paper Monopoly money is Treason against the Constitution for the united States stationed at North America brbrLet that company fall!
Comment from : Elyon

Wait what? I thought its the greatest country in the World :O
Comment from : Leo Malino

Isnt there this nice rule for the US that the debt doesnt matter when they are in war ?
Comment from : Leo Malino

Probably way too late for any possible remedy solution, now is the time to brace for the inevitable financial impact
Comment from : Peter Lynch

Who needs money ? Not big government they just pass something and it appears just like dark matter There I just solved two problems the next Einstein
Comment from : ALEX CIOCCA

Pure propaganda The fastest route to financial disaster is continuing to spend as if other will keep lending us money forever
Comment from : Cory Hoggatt

Print print print inflate inflate inflate
Comment from : Jay

If it was a politically motivated reason behind the passing of the debt ceiling into congress, why dont they just scrap it off? At some point in the future, as the economy grows so too will the debt… which requires another raising of debt ceiling in order to avoid going default…do enlighten me if im wrong
Comment from : Est02

All signs point to 2023 being a year of significant economic hardship for the entire nation Put your cash to use straight away to increase its value I was aware that I needed to invest I had no idea how quickly a few thousand dollars a month would go up Though it is Since 2020, I've made about $600,000
Comment from : Kayla Wood

Borrow from who?!?
Comment from : StiLLblu💙

How does a nation pay off debt🤔?
Comment from : Federico Munoz

Because US spending on military to provoke wars in other regions while China spends on its infrastructure to build better lives for its people
Comment from : BagsPalette

Easy fix- hold all government paychecks until the budget is figured out
Comment from : AustinBWH

USA is so full of s***
Comment from : Kaj Te Briga

It must be nice to get a credit limit increase every time you need it Visa/Mastercard always caps me Hmm
Comment from : Big Artie B

US economy always be on the same pattern to maintain the supremacy
Comment from : Firoze Bukht

Huge expenditure in politics
Comment from : Firoze Bukht

Money transactions to balance the power Defence expenditure , govt expenditure etc
Comment from : Firoze Bukht

Expenses: pay and perks, money spend on war and terror , money spend by freemason, pay and perks of elected and many other expenses
Comment from : Firoze Bukht

This guy's a Pratt There is no economy if you're in debt!
Comment from : Jimmy Jones

I'm having a bad year; TSLA is down by $40k, ALLP is down by $35k, Draft Kings is down by $6k, NIO is down by $15K, ABML is down by $8K, and my wife is unaware I'm only clinging to Jim Cramer's advice regarding opportunities during erratic market conditions in the hopes that I can either wait for a recovery or choose profitable investments to make up for my loss
Comment from : Tunnel Vision

There is going to be a time when other nations are no longer willing to pay for America's debt BRICS is working on their own currency to replace the dollar, and ASEAN is another group of countries working to boost their own internal trade, without the dollar But the Republicans are only obsessed with women control, LGBTQ and tax cuts for the rich The real winner in the 2016 election was Putin He got what he wanteda president who would split his adversary decisively And it happened
Comment from : Math is not for the faint of heart

Tuiter debitbanreserva
Comment from : Alanna Michelle paulino

America is a continent not a country
Comment from : Linkavich14

Tax the rich!
Comment from : Thomas Dickensheets

IT'S LIKE THIS THE DEMOCRATS DON'T HAVE ONE! THE REPUBLICANS TEND TO PAY FOR WHAT THEY GET! IT'S CALLED EARNING WHAT YOU HAVE AND BEING PROUD!
Comment from : Gary T

The freedom caucus was the only entity insisting on fiscal responsibility They were accused of racism
Comment from : Chris Edward

here's a novel approachdon't spend more than you earn
Comment from : duncan smith

After reading The Deficit Myth, the US cannot default on USD denominated debt (by law) It cannot happen because the federal reserve can buy debt (bonds that are issued by the treasury) This in effect injects liquidity into the economy and "relieves" the government from using taxes to pay its bondholders The US government is always able to do this, and section 4 of the 14th amendment of the constitution supports that
Comment from : Bread Hunter

They just raised the debt ceiling Obviously there is no ceiling at all The sky is the limit
Comment from : Durian

All the rappers throwing money won’t be able to brag cuz the paper means nothing
Comment from : D’Jilorian Baker

They needed that 17 trillion five months ago…where did that mysteriously go ?
Comment from : Southern Cross

This is a shockingly oriented not even explanation but rather " We have to We have to We have to raise the debt ceiling" if you have a ceiling that YOU HAVE to raise every time you'd reached it means you have no ceiling
Comment from : Noob Gaming

AMERICA IS SAVED! Thank the gods that America will not default on her debts and the economy will not crash and everything will explode and all people will die! The Democrats and Republicans have reached an agreement to save the world once again - until next year 🤣brbrThe debt ceiling is as real a danger as global warming The Kabuki theater of government is the greatest farce in the world 💩
Comment from : Dustin Koellhoffer

I think President Biden said the raising of the " Debt Ceiling is non-negotiable" To some it means the Ceiling will be raised, and a Default should be counted out
Comment from : Duru Dadlani

there is no turning back is going to blow
Comment from : PRIMAL HUNTER 💀

Why doesn't the US actually try to pay off their debt?
Comment from : Dima Matat

you raise the debt ceiling, you are kicking the can down the road for EVEN MORE economic calamity but hey, you do you, boo no matter how dumb that may be
Comment from : tamaRa

Collapsed is inevitable Us is always deficit
Comment from : Bryan Paolo Cabandong

US government is useless and inefficient that's the real message
Comment from : rami elias kremesti

Boring
Comment from : rami elias kremesti

If they actually taxed the ultra rich there would be no national debt
Comment from : Jordan Tiller

They have arrested Charles Ponzi, only to steal his Idea and leverage 10000 X 👁️
Comment from : Abdy 23

As US cannot deal with their debts, IMF or World Bank should be there to manage this country debts
Comment from : Accountant Asia

I’m glad I pulled through, despite the crises I am retiring next yr at 55 with 3 houses paid off worth 45 million One is my place of residence the other 2 properties will give me $80,000per/yr rent I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably I have no debts Stay Motivated!!!
Comment from : Malinda Deleon

The economics of madness
Comment from : BigBikeMad

Infinity is the limit Debt is just a number
Comment from : Hihi Yo

Sooo… what is debt ceiling 🤷‍♂️
Comment from : Regular

Let's be honest, default won't happen but what you are hiding is that the dollar will go down after the increase of the debt, poors will pay anyway Remember propaganda doesn't pay the bills!
Comment from : Bianca Enera

Certainly! I understand that living expenses and taxes can take up a significant portion of one's income in the UK, which can limit how far that income can go Even 100k doesn't get you very far and the dream of retiring early is starting to seem like a fairy tale I have roughly $200,000 in 401(k) that I need to grow quickly Please leave a comment if you can help
Comment from : Adonis Orion

isn't it great owing the mega banks money and interest they created out of thin air?
Comment from : Ted Ebayer

So basically is all BS and a reason for politicians to get more control
Comment from : M B

boycott joe biden vote for donald trump
Comment from : Zakir Hossain

I wonder how much of this debt is owned by the UK according to British investors in USA debt?
Comment from : Curtis Carpenter

The House is focused on trying to improve the balance card of the government Period Some people have said we are either driving off a cliff at 40 mph or 80 mph, but the result will be the same thing
Comment from : Paul Yates

America faces a debt catastrophe simply because republicans, while holding the executive branch in power during 2016-2020 ran the national debt up under trump with his tax cuts to the wealthiest individuals brbrNow they don't want to pay for it despite the Biden admin lowering the debt by 17 trillionbrbrThey are holding voting for increase in the debt ceiling hostage in order to get further cuts in future spending off the backs of seniors, the poor and veterans brbrSimply put, we face it because of the republicans Period
Comment from : Ran Kat

No money to pay the police and military would be interesting to watch
Comment from : Gav Mackenzie

Countries Constitutions failures, they are just rafts adrift, without governance
Comment from : claudio zanella

If the treasury, president and ppl can't proactively get a control of the spending, perhaps the lenders would be doing a great service by not providing any further loans
Comment from : Monica C

I heard it goes higher and higher, that doesn't sound like a ceiling to me
Comment from : sweealamak

Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one JPMorgan Chase & Co Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6 to fight inflation, higher than the peak level between 5 and 55 in 2023 that most Fed officials penciled in after their December meeting Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist
Comment from : Ginger Kilkus

This is a great example of both sidesism There is only one political party that is actually holding the nation’s economy hostage using the debt ceiling and that’s the Republican Party, in particular the Freedom Caucus wing of the party If the American public wasn’t so deluded by Fox News and social media, the Freedom Caucus members would be be the laughingstock of both sides of the aisle, not just Democrats
Comment from : George Oliver

But yet we keep Aiding Ukraine ?
Comment from : Uli Gonzalez

Democrats think they can just print more and more money and spend as much as they want without consequences brI mean, they believe they can change their genders and control the weather of the planet, so why wouldn't they believe they can do this too?
Comment from : Charles Ferdinand

All this was, was saying its all the Republicans fault Wasnt even an indepth explanation of how we got here and why this is an issue Very limited and brief info on it Other than that its just blaming the Republicans Even though its the democrats that spent outrageous amount of wastefulness that got us to this point To be fair Trump was the one that started priniting off all this money that started this But the Dems are the ones that got us to this point But go ahead Just keeo saying the Republicans love the power they have so the dont have to do the Dems bidding Maybe the Dems should actually sit down with the Reps and we can solve it But doesnt sound like thats happened quite yet
Comment from : Alexez

If only there was a way for a government to collect large sums of money from certain people and/or organizations to pay it's debts and decrease economic inequality man what an unsolvable problem
Comment from : Laurentiu Anton

bExtremely/b biased video Democrats deserve just as much blame as Republicans for this issue One party wants to recklessly decrease revenue (tax cuts), while the other party wants to spend recklesslybrbrSimply removing the debt ceiling (aka removing the limit on our gov't hypothetical credit card) only rewards their unsustainable behavior
Comment from : 904Zambo

I said I don't colify so whay the economy is colabsing thay said I don't have education standards of level so why thay need me today
Comment from : SGGK TRADINGcc