Tag Archives: debt ceiling crisis 2021

America is Running Out of Money! The Debt Ceiling Fight and Solutions, Explained

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America is scheduled to run out of money on October 18th. At that point, America is going to have to prioritize which bills to pay for and make potential sacrifices. Fortunately there are quite a few solutions from simply raising the debt ceiling to minting a trillion dollar coin that the government can use to pay for things. Here’s exactly what’s happening.

The Debt Ceiling Fight Explained For Dummies!

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On August 1st, America stopped borrowing money. Since then, the treasury has been scrambling to keep paying for things by shifting around funds and trying to get tax dollars to go as far as possible. The current predictions are that America will start bouncing checks in mid-October or mid-November. Here’s what’s happening!

What is the Debt Ceiling? The Coming 2021 Debt Ceiling Crisis, Explained

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Will congress be able to keep charging expenses to America’s “credit card”? We’re about to find out. On July 31st, the treasury hit it’s $28.5 trillion debt ceiling. Now the question is, how are politicians going to raise it? A partisan budget reconciliation measure? A bi-partisan negotiation? Here is exactly what is happening!