Photo by Artem Beliaikin on Unsplash Production of boiler chickens (those raised for their meat, not eggs) in the US...
[VIDEO] Why the U.S. Is Always Hitting a “Debt Ceiling”
As debates in Washington about raising the debt ceiling continue to make the news, this video provides a comprehensive and straightforward explanation of the U.S. national debt. Along with examining the sale of government bonds, the video also considers whether or not the country should retain the debt limit.
Discussion/Questions:
- Why is the distinction between the absolute (dollar size) and relative (percentage of GDP) sizes of the public debt is important?
- How does the sale of bonds benefit both investors and the government?
- Do you think the U.S. should continue to maintain a debt limit? Why or why not?
Sources: Vox- https://youtu.be/orakE9t1tpo. Photo Photo by Monstera from Pexels.