The5thHorseman
Platinum Member
- Nov 22, 2022
- 12,136
- 6,575
I'm only gonna explain it once.so you can't explain what raising the debt ceiling does exactly? hmmmmmmmmm again with the stupid from you.
Like explain what happens to the tax dollars funding Social Security?
Once you've reach your debt limit, the Treasury can't sell any more bonds.
This means you can't fund many govt operations and you can't roll over existing debt.
By defaulting on interest obligations, the US will ensure that any future bond issuance will be at a discount reflecting a higher risk of default.
This stuff is way over your head because you're a moron.