This New Plan to Cheat the Debt Ceiling is Insane

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You will not believe the financial engineering, the new accounting gimmick that is the plan to get over the debt ceiling. Obviously, politically speaking, the debt ceiling has been an issue for a long time.

However, ever since the existence of the debt ceiling in the first place, every time our government has hit it, they have just voted and raised that ceiling right up.

So, in reality, it's not so much a debt ceiling, it is just a leftover remnant, a fragment of something that older and wiser people put in place to try and restrain our government from spending.

Timecodes
0:00 Financial Engineering the Debt Ceiling
0:51 Bonds and the Debt Ceiling
7:12 Against the Rules of the Treasury

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#DebtCailing #GovernmentSpending #FederalReserve