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US Politics 40w
Okay can someone explain the debt ceiling/ what happens if we just ignore it like we’ve been seemingly doing for decades?
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Anonymous 40w

The debt ceiling is a formality. It is used as a way to hold up legislation with spending that has already been authorized by Congress.

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Anonymous replying to -> #1 40w

It’s left over from a bill that Congress passed to finance our participation in world war 1

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