I know I don't need to tell y'all this but, there are a lot of folks who do not understand what the debt ceiling is, and exactly what the burning clowncar party is proposing to do with it in the fall.
So, I present to you, a dummies guide to the debt ceiling. Feel free to use it whenever you feel the need. /1
You're going to be hearing a lot about "the debt ceiling" over the coming year, so let's take a little time to figure out exactly what that means. Now, it's kind of a misleading term.
It seems to imply that Congress is voting to allow government to spend more money. /2
