Tag Archives: debt ceiling for dummies

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!