The Washington Post has a couple of primers on the current budget plans before Congress and the history of the debt ceiling. If you don't know this stuff, gostudy.
I guess in all of these cases the plan is to grow their way out of the debt? Either to make it a smaller fraction of GDP by growing the economy or by devaluing the dollar to make the debt held less valuable? That one has been done before in many countries.... it doesn't tend to end well.
I guess in all of these cases the plan is to grow their way out of the debt? Either to make it a smaller fraction of GDP by growing the economy or by devaluing the dollar to make the debt held less valuable? That one has been done before in many countries.... it doesn't tend to end well.
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