Debt Ceiling Drama: Cut Spending or Unlimited Debt? ft. Peter St Onge

In this video, Peter discusses the impending debt ceiling showdown in the US government. Senate Republicans refuse to increase the debt ceiling without significant cuts to government spending. At the same time, Treasury Secretary Yellen warns that using a Civil War-era amendment to force a ceiling break could cause a constitutional crisis. Peter explains this crisis's potential outcomes and consequences, including the possibility of a 40% across-the-board reduction in federal spending.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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