Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Wednesday, January 23, 2013

Understanding the "debt ceiling"

For those of us who watch the news (or just unfortunately major in political science), it's impossible to ignore the umpteenth annual debt ceiling freak-out. Why is our government freaking out about the debt ceiling for the zillionth year in a row? What IS the debt ceiling, actually? Why is the government putting us through this? Why does any of this matter?

All of these questions and more can be answered by this handy video I found, courtesy of YouTuber "Grey" in the series "Grey Explains Things."