#Why the #USA is Always #Hitting a #DEBT_CEILING | VOX
WHO ARE THE #BIGGEST_FEARMONGERS IN THE #WORLD?
Nearly every year, #America seems to #teeter on the #edge of a #crisis as the #National_Debt comes #Dangerously close to hitting the “#debt_ceiling” and the President and Congress fight over #raising it.
The “debt ceiling” is really just a limit on how much debt the country can take on. While the US isn’t the only country to have one, it is the #only_country to have legislation that #regularly puts it on the #brink of #economic_disaster.
The current US debt is nearing $29 trillion. That's a trillion with a T. Is that… too much? And who does it affect?
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