Bakhmut; China Troubles; Debt Ceiling; Migrant Crisis; EU & Big Tech | YBS: News Roundup May 22
Yaron Brook Show
00:00
The Debt Ceiling Crisis
At some point the government runs out of money because we run deficits which require the government to constantly borrow money in order to fund itself. The debt ceiling is basically a cap on the ability of the government to borrow that money. Congress traditionally increases the debt ceiling whenever it reaches the debt ceiling. And so they'll constantly raise, Congress constantly raises the debt ceiling because the government can keep functioning by raising the debt.
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