Quote:
Originally Posted by Riot
What does that have to do with raising the debt ceiling? Nothing at all.
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Sure it does. If the government cannot borrow any more, than it will be forced to live within its means - which is about $200B a month in revenues.
It's also related in that, just in general, you must stop borrowing new money to pay back your total accumulated debt. This is not the same as borrowing a fixed amount that is always paid back on a predictable schedule, like the "float" that businesses use for operating capital. This debt has accumulated without ceasing.