Texas History Minute
Wed, 05/24/2023 - 5:00am
The federal government is facing a deadline with the ability to pay its bills. Unless a new limit is authorized, the government will hit the debt ceiling, cutting off the government’s ability to borrow money to pay its existing bills. With the debt ceiling issue, the question is not one of whether the U. S. should add more debt or what it should spend, but instead it is a question of paying the nation’s existing debts. Many governments have faced similar situations in the past, and any discussion of large-scale finances often becomes very complex. The question of debt has a very long history.
