Not like it is a big surprise, however lawmakers face the legal ceiling today, i.e. the maximum amount of money that the Federal Government can legally borrow. So if something isn’t done today, the government will begin defaulting on its bills.
So what’s the solution?
Well, any idiot can figure out if you don’t have enough money to cover your expenses, you have to stop spending money.
But our government doesn’t work that way.
They just increase the legal limit and continue to borrow. Don’t expect anything different to come out of today’s politics.
My question is, how long can we keep this up before another country conquers us on economics alone?