FTM 438: Debt Ceiling Drama

It’s that time of year again… Time to raise America’s debt ceiling.Now that Washington has passed trillions of dollars of new spending bills, it’s time to decide whether to pay for those items.In this new episode, economist Jerry Robinson explains the drama surrounding the debt ceiling debate in stark terms and provides a simple way of understanding what motivates the political posturing around this heated topic. The current debt ceiling drama serves as an important reminder of the need for long-term solutions that go beyond the temporary extensions and last-minute compromises made by lawmakers. It calls for a reevaluation of the existing system and the exploration of alternatives that can ensure fiscal stability without risking the nation's economic well-being.