Why the US is always hitting a "debt ceiling"

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Information Why the US is always hitting a "debt ceiling"

Title	:	Why the US is always hitting a "debt ceiling"
Lasting	:	8.04
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Views	:	1,9 jt

There is one, slightly fantastical way the US could avoid hitting the debt ceiling: by minting a $1 trillion coin Vox Senior Correspondent Dylan Matthews explains: bitly/30yauQ3
Comment from : Vox

Marijuana smokers to the rescue
Comment from : Donald Cowling

We all need to vote
Comment from : Donald Cowling

Let's get rid of the crooks out of our government
Comment from : Donald Cowling

Look into some of that tax money from marijuana maybe they can help the government
Comment from : Donald Cowling

i lOVe bEiNG edUcaTEd bY Vox
Comment from : WhiteTylerPerry

US dollar is a one big scam Nobody is paying country‘s debt and nobody takes it seriously
Comment from : PoryT Lim

China and Japan are dropping the US bonds Also, the rest of the world is dropping the USD itself from its trade The effect is in order to finance the government more and more money will be printed by the Federal Reserve It will cause inflation especially given that USDs are returning to the US from the other countries While the US does not have to default in this situation, apparently, hyperinflation is coming
Comment from : Panda

Have you seen how much tax payer funded ridiculous programs and agencies are being funded! It’s like Congress and elite donors have their own slush fund
Comment from : Let’s Go Coco

A whole year later and and we are at 30 trillion plus
Comment from : CARCRAZZYYY

The governmemt creates money and we all get poorer That is how it has worked since the Fed was created in 1913 It is easy to see if you have a few years on you The difference in a few decadea is obvious I feel sorry for anyone under 30 trying to build a legacy or own a home
Comment from : bassmanjr100

Because Republicans spend way too much and Democrats spend twice as much as Republicans
Comment from : bassmanjr100

Debt' ceiling' is an imaginary cloud It doesn't exist
Comment from : Fat Freddies Cat

Just have all of government play Fable 3, guideline for how to rule a kingdom and not take on debt at the same time
Comment from : Pepilepsy

So If China invades Taiwan, and America goes to war with China Does that mean China can say F off, the debt (39) no longer exists between us?
Comment from : Vlad S

Ok I really don’t like that every Democrat says the Republicans are spending too much when they are also ranking up our debt
Comment from : Mad Marcus

We need to balance the budget borrowing is unsustainable
Comment from : Splurge

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Comment from : Susan Nico

they probably will raise it again like they always do, US too much pride to change or look weak
Comment from : mc5353t

When the debt ceiling is reached, it creates a difficult situation for the government It must either reduce spending, increase revenue (such as through tax increases), or take measures to temporarily finance the government's operations until the debt ceiling can be raised or suspended by Congress
Comment from : Vincent Harrison

Basically the USA is a Ponzi scheme Nice
Comment from : Trulsdirio

the dollar is weak thats all i get from this change your politics
Comment from : TheyreHereToKillUs

Simple, China and Saudi take over
Comment from : C Gravely

1 Trillion Pounds Of Home Grown, Legal Weed Sold In America At $50 A Pound, Equals How Much?😌brbrExactly🤗brbr& U Know You Ain't Gettin A Pound Of Weed For 50$🤨brbrSo Problem Solvedbr😎👌
Comment from : AI 19

Eww I autopayed into a vox video
Comment from : Kyle Gantert

they never tell where and how they spend the money, this is corruption!
Comment from : Johan Cang

Because they did it intentionally to robe the world economy!
Comment from : Johan Cang

As of 2023 the US has a total of $31 trillion dollars of debt
Comment from : codbots

lets talk about funding illegal immigrations for $$$ BILLIONS EACH month!
Comment from : MM

Proof that money isn’t real
Comment from : Starving By Midnight

It'll be my grandkids' problem
Comment from : Troxist Majin

I only got $3 back on my taxes 🥲
Comment from : Diego

4:21brWhere’s China on that debt as of GDP graph?brOh yeah, cuz it would skew the rest of graph and reduce said graph to just 2 columns:brChina in the “lead” and every other country lumped together in the other column
Comment from : Roman Collazo

They always threaten us with default on paying people, but the real point is they need to stop printing trillions and giving it away to people Politician unrestricted debt spending really needs to be restricted
Comment from : Boondoc

Isn't the answer solvable by grade 3 maths DON'T spend more than you earn 😊
Comment from : Grant Williams

just Tax the rich back at 90 That way you don't have to cut any spending and you'll pay down all that debt I know 90 sounds really harsh but for Indra Nooyi who earned 38 MILLION dollars her final year as CEO of Pepsi Co, she'd still be walking home with almost $4 million Roughly 8 times that of the salary of the President of the United States
Comment from : Clyde Cash

TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIMES AND FAILED, I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH
Comment from : Evans Mech

Surely the democrats have taken on these massive amounts of new debt as much as republicans? Obama and Biden have taken on something over $12 trillion between them
Comment from : Jakob Samuel

Stop giving rich people tax breaks
Comment from : YouTube play too much

So you are saying, US is printing money (QE) to buy its own debt (buy bonds)?
Comment from : JJJAY

It just got raised today too Hope this makes eth and btc go up
Comment from : _IM_COOL _L0L

Because its a big advanced Ponzi People with braincells understands this Sheeps are clueless
Comment from : Slava Slavia

Im gonna treat my finances like the goverment does
Comment from : Queen of cats

5:15 - thats not true, many other countries have debt ceilings, for example Poland's constitution defines a soft debt ceiling of 60 of GDP and a hard ceiling of 80 if im not mistaken
Comment from : Osioł

Keep on kicking the can down the road
Comment from : Hunter Noyes

Switzerland also has debt ceiling rules
Comment from : Kaju Bubanja

Government needs to stop giving money to help other countries in crises our country can't afford to help no one no more our country needs the help who's coming to help us no one
Comment from : Dawn Seabright

I don't understand why you wouldn't want to borrow when your economy is strong, as she said Can somebody explain?
Comment from : Econartist

we should pay everyone in the government less they are "public servants" that's the easiest cut
Comment from : JEMS

Are these the same rating agencies that rated Credit Default Swaps, AAA, just before the GFC in 2008??? 😂😂😂
Comment from : Michael James Christopher Squires

All I’ve heard your self-centered white mouth say is that poor Americans have to pay their debts and bills but the rich ones get to spend money they don’t have Death Death for sure
Comment from : Piranhasina Crackerbarrel

The debt ceiling is nonsensical, there's absolutely nothing in the Federal Constitution that outlines such a limit It's merely a tradition that's easily shed by anyone with some gumption
Comment from : John Storm

$318 T as of May 31st 2023
Comment from : Ninja Man

Steps to solve this problem in order of most importantbr1 Tax the wealthy appropriately
Comment from : IAM ISOBE

😊😊😊😊😅
Comment from : Ayush

Thank you for your videosbrNow I believe that Creating another source of income in these difficult times is the best thing to do Not only does it guarantee returns, it also helps you plan and save for future expenses It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor Like Gregory Thomas Patchak
Comment from : Bradley Schaeffer

Notice it was one sided
Comment from : Daniel Potts

Having a deficit for long term will work only if GDP will grow infinitely But it is not possible to grow your GDP infinitely so we need to change our economic policies and philosophy
Comment from : Cristian Albert

Ironic considering Vox is going bankrupt
Comment from : Zhe Fu

THE AMERICAN STOCK MARKET IS A CASINO PERIOD
Comment from : Joe Weis

It would be great to see the evil materialistic empire fall
Comment from : Mazeda Bari

"Best not to look at it as a number" And we wonder why America is doomed at this point Absolute moronic
Comment from : Roman Shenanigans

20 tariff (also grow domestic economy) and spending cuts for balanced budget and reduce debt
Comment from : James Ruscheinski

1:07 - 1:11 inaccurate statement brbrVox should have been more careful about this statement before publishing this video brbrAgnostic of the debt ceiling being raised, debts should be paid by a surplus budget That the government cannot budget, it HAS to raise the debt ceiling The debt ceiling does NOT need to be raised to repay debt Debt does not need to be paid with debt
Comment from : claytonbill

✏✒🖋🖊🖌🖍Undergraduated🔞Son of 🎅Amarkanta(USA)🤶due to A merry Christmas🌲only for A pause trophy 🗽
Comment from : Chetan Singh

Republicans want to turn the US into what it was before FDR was president into a country in shambles with a failed economy because the super wealthy which they are largely members of, will just remain super wealthy while their peasants will remain their biggest fans
Comment from : Apollo Sungod

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Comment from : Stanley Edwin

Imagine if you were drowning in credit card debt and could just barely pay the interest, rather than accepting you were insolvent and needed to restructure your finances and take some bitter medicine along the way, you were able to obtain still yet another credit card and paid your current creditors with the new credit you were just extended and also now had more interest to pay as a result That is what the US is doing
Comment from : casienwhey

Republicans want to save up money for their next tax cut They are not trying to reduce the deficit
Comment from : Macro

I have never hit a debt ceiling in my household
Comment from : M S

Debt is inherent to the fiat currency system Every time you make a deposit 9 times that amount is created out of thin air There is no money in the money supply to cover the interest Article 1 section 8 clause 5 says ONLY congress can set the value of money, not private banks
Comment from : Spyrit2011

🇺🇸America is @ Risk of default on its debts🚽Passing one I'll bill after another🧻🐛Each costing more than the last 🎱🖇️🗽When no results R seen 📌🔨👀& Its the poor🛒& Disabled ♿That pay N the end🧱👀 I believe all debts can be renovated & Payed @ At reduced rate🎩Keep the presses 🏦Or you get the pin 📍🤖🔨 The🇺🇸 US can't spend it's way out of debt & Who's going to collect 📬🗑️The system is only about division ➗🙈
Comment from : Lord Lusby

Tax all the rich and all billionaires to increase the revenue
Comment from : yow ter

bi"Why the US is always hitting a "debt ceiling"/i/b brSimple It's because the "donor class" refuses to pay to fund the government of bithe country in which they live and thrive/i/b
Comment from : brandex2011

It will s solely for the GOPs to control… It works fOR THE GOPs so it will never change because the rich oligarchs own it
Comment from : Deanna Delmar

Best explanation I've seen! Thank you Vox!
Comment from : Splat Trick

The problem is that there are certain groups in the world that are causing economic chaos if they don’t get what they want eg the LGBTQ and many others that are actually doing more harm than good, especially in the USA
Comment from : campos3452

Might as well not even had a "debt ceiling" since they raise it whenever it's approached
Comment from : Colonel Marcellus

The answer is in our face Fix our polarized political parties
Comment from : fill fish

Couldn't help but notice how much the debt absolutely skyrocketed while Trump was in power And, his cult gave him one free pass after another, as they still do I thought he was "good for the economy" The word "hypocrisy" really doesn't mean anything to the right, does it?
Comment from : The Readers Voice

6:49 very credible future prediction 😂
Comment from : grougrou HH

It's like we should tax the reach and wealthy corporations instead of giving them endless tax breaks
Comment from : Pshaw!

6:27
Comment from : ds7

Republicans raise it all the time Its only when demoncrats are in office that its an issue Republicans can do whatever they want Demoncrats can only do what republicans let them do
Comment from : Southstar99

Cannot wait for an economic collapse
Comment from : David Cantor

summary: USA is a SCAM
Comment from : Rohit Naik

honestly, we should just raise interest rates The whole reason why we are in this poop hole is because people and large corps took advantage of low interest rates, borrowed to the moon and made lots of money Literally playing and flipping with money we don't have brWhat ever happened to the idea of earning something if we can't afford it? I didn't know it was that if I couldn't afford something, I just borrow it with almost 0 collateral
Comment from : Wei Ming