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Economist Stephanie Kelton on the Debt Limit, a Potential Catastrophe We’re Risking for No Reason

Deconstructed

CHAPTER

The Debt Ceiling and the Treasury General Account

CNN's John Sutter says the debt ceiling debate has "completely wrenched my perspective on these issues around" He says Americans don't look at a scoreboard and say, wow, the arena is really in the hole here because the teams have all the points. But somehow, when it comes to the federal government, we hear words deficit and dead, he says.Sutter: We're so dumb that we cannot figure out something as simple as an accounting solution to an accounting problem.

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