A Fact Checker’s guide to the debt ceiling

With a deadline of Sept. 29 looming and Congress nearing their summer recess, the debt ceiling is primed to be a big issue when they return. Here’s what you need to know. Subscribe to The Washington Post on YouTube: http://bit.ly/2qiJ4dy

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4 thoughts on “A Fact Checker’s guide to the debt ceiling

  1. Jeh Jeh October 13, 2018 at 4:00 pm

    Ok you have to raise the debt ceiling. But…how long can this go on? When we are almost 20 Trillion in debt and have to raise the debt ceiling to borrow money to pay the interest on the debt, we have serious problems. The younger generation of Americans are going to have to figure out how to pay down this debt. It's unsustainable at this rate.

    Inflation is the only tool to lower the debt. I was around the last time the inflation rates skyrocketed. Interesting rates were in the 18%-20- range. It was not something I would like to return to.

  2. Bob Smith October 13, 2018 at 4:00 pm

    The US federal debt will eventually cause the downfall of America. Washing Post – why don't you report on how destructive the debt is to America? Just the interest alone will bring hardship on future generations! This video was useless.

  3. Charles Brightman October 13, 2018 at 4:00 pm

    The "Faith and Credit" of the USA is being affected in a negative way due to the Trump Administration's policies and agendas when dealing with other nations. The USA's reputation backs our currencies' value. When the USA's reputation goes in the toilet, what do you think will happen to the value of the USA's currency?

    Add to that:
    Very large fossil fuel dependent military + Rising fossil fuel costs = Destroyed economy and/or Smaller military.
    Other nations know this and are playing the waiting game as the USA destroys itself.
    Go to a hydrogen economy as many nations already are. Check out my Twitter page under this same name to see just some of what is going on in this world concerning hydrogen. "You snooze, you lose". Many nations are positioning themselves for the 21st century while the USA is still snoozing on fossil fuels.

  4. Charles Brightman October 13, 2018 at 4:00 pm

    The Fed and many banks already generate money out of thin air. Why do we even have a ceiling? Add to that, this Earth is probably entering into the sixth mass extinction event.

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