14min chapter

Breaking Points with Krystal and Saagar cover image

1/23/23: New Biden Docs Discovered, Janet Yellen On Debt Ceiling, Trump Losing Evangelical Voters, ChatGPT, George Santos in Drag, Big Pharma Obesity, Steven Crowder Daily Wire Drama, Jonah Furman Interview on Union Density

Breaking Points with Krystal and Saagar

CHAPTER

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.

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