×
Carregamento em andamento

Why the US is always hitting a "debt ceiling"

1 membro

Is the huge US national debt a problem?

Subscribe and turn on notifications ? so you don't miss any videos: http://goo.gl/0bsAjO

Nearly every year, America seems to teeter on the edge of a crisis as the national debt comes dangerously close to hitting the “debt ceiling” and the President and Congress fight over raising it. The “debt ceiling” is really just a limit on how much debt the country can take on. While the US isn’t the only country to have one, it is the only country to have legislation that regularly puts it on the brink of economic disaster.

The current US debt is nearing $29 trillion. That's a trillion with a T. Is that… too much? And who does it affect?

Want to know what the US national debt is as of right now? Here’s where the Treasury has it updated: https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

The Treasury also updates the foreign investor totals every month: https://ticdata.treasury.gov/Publish/mfh.txt

You can read more about the US debt ceiling and how to fix it from Vox’s Dylan Matthew: https://www.vox.com/policy-and-politics/22684328/us-debt-ceiling-government-shutdown-biden-democrats

And more about when the US was downgraded in 2011: https://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html

If you want to see what your country’s debt is, the OECD keeps this data updated regularly: https://data.oecd.org/gga/general-government-debt.htm

Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com.

Make sure you never miss behind the scenes content in the Vox Video newsletter, sign up here: http://vox.com/video-newsletter

Watch our full video catalog: http://goo.gl/IZONyE
Follow Vox on Facebook: http://goo.gl/U2g06o
Or Twitter: http://goo.gl/XFrZ5H

Próximo episódio
S01E1333 - How we got to 10 million subs
Assista ao episódio

Episódios (1595)

Temporada 1

Séries similares (10)

Explained
Explained
Les évadés du bureau
Les évadés du bureau
Vsauce
Vsauce
Psych2Go
Psych2Go
100 amis
100 amis
Darren fait une dépression, la websérie londonienne
Darren fait une dépression, la websérie…
Sans gêne
Sans gêne
Ça rime à rien
Ça rime à rien
Deux Italiens à Paris
Deux Italiens à Paris
Sexe opposé
Sexe opposé