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submitted 3 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[-] Catsrules@lemmy.ml 10 points 3 years ago

Seems like a totally sustainable situation.

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[-] jordanlund@lemmy.one 6 points 3 years ago

You realize the debt ceiling is about paying old debt, not incurring new debt, yes?

https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit

"The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past."

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this post was submitted on 11 Jul 2023
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United States | News & Politics

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