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esenca (33)in #money • 7 years ago

Any thoughts on the debt ceiling? Will it get raised again, or will it be used as a tactic to remove Trump?

7 years ago in #money by esenca (33)

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xiobus (47) 7 years ago

Two big reasons

A) the government simply won't put on the breaks on spending in any big way... the debt ceiling must then be raised.
B) the economic system is designed to have ever increasing amounts of money and production... the currency issued has interests that must then be repaid with tax revenue from previous dollars... to do so... more money must be issued.... this forces also a debt ceiling raise.

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dasczecher (46) 7 years ago

I'll be honest...I don't think it makes the blindest bit of difference now.

I used to be told: 1% of nothing is still nothing. The debt ceiling is kind of the same principle but in reverse

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