The U.S. Government’s Debt Limit ExplainedThis post may contain affiliate links. Please see my disclosure policy for more details.
Ok, I admit it! There’s a lot that I don’t understand about our government. But, one thing I do understand is the seriousness of our nation’s debt. I believe we’re now up to 16 trillion (yes, with a T) dollars, and it’s still growing. Just a few days ago Congress raised the debt ceiling. That’s crazy folks!
If you don’t understand the crisis at hand, take a look at this short satirical video that will explain the U.S. government’s debt limit!
If we don’t start doing something about this mounting debt, like the video shows, our children, grandchildren and great-grandchildren will be paying for this debt! Now, I don’t know about you, but I have no interest in paying for my grandparent’s debt. Do you? It’s just not fair!
Let’s not point fingers at where the debt came from, but instead start doing something about this problem. I mean, if Trent and I can work a budget every week and live within our means, why can’t the government?
Ok, I’m stepping down off of my soap box and would love to hear your thoughts.
What do you think about the U.S. government’s debt limit?