Watch the following video which explains the debt ceiling: WSJ
1. What is the Debt Ceiling?
2. What purpose does the debt ceiling serve?
3. What Does Congress need to resolve in order to permanently fix the problem?
Take a peek at the National debt: Debt Clock
1. What is the current National Debt?
2. What is our current yearly deficit? Which way is the counter running?
1. What is the Debt Ceiling?
2. What purpose does the debt ceiling serve?
3. What Does Congress need to resolve in order to permanently fix the problem?
Take a peek at the National debt: Debt Clock
1. What is the current National Debt?
2. What is our current yearly deficit? Which way is the counter running?
Read the following article: Debt Ceiling
2. Who has the power to Raise the Debt Ceiling? (article 1 section 8)
3. Why is the debt ceiling unconstitutional?
4. Which to historical events (Acts) limit Obamas ability to not spend (with hold funds)?
5. Who would have "standing" to file a lawsuit if the government defaulted?
6. What is the simplest options to resolve the debt crises?
TEST Question: How can Congress avoid having to raise the Debt Ceiling? Why is it up to Congress?
TEST Question: How can Congress avoid having to raise the Debt Ceiling? Why is it up to Congress?
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