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The Consequences of Breaching the Debt Ceiling
This chapter explores the potential consequences of breaching the debt ceiling in the United States, including the impact on the economy, global financial stability, and job losses. It discusses extraordinary measures taken by the Treasury Department and the estimated date when the debt limit will be reached. The chapter also includes discussions on Social Security and Medicare cuts, the concept of minting a $1 trillion coin, and the relevance of the debt ceiling fight on entitlement programs.