So, I’ve been listening to the news lately, and there’s been all this talk about a need to raise the “debt ceiling” later this summer in order for our country to avoid financial Armageddon.
People on both sides of the political aisle are talking about how if the debt ceiling isn’t raised then stars will fall from the sky, the moon will be turned to blood, the sun will darken, and America’s credit rating will go into the tank.
Perhaps so. Perhaps not. What do I know?
The idea of the “debt ceiling,” as I understand it, is that Congress has set a maximum amount of debt that the government is allowed to accumulate and, whenever we get near that limit, we need to raise it so that we can...READ MORE