The Debt Ceiling: Down to The Wire Yet Again | Dr. John Hnatio

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This is John Hnatio reporting for the Objective News Network.

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Today, the current national debt stands at over $31 trillion. Hopefully, President Biden and our leaders will all come to their senses and begin to act in a fiscally responsible manner that is in the best long- term interests of the American people and our nation.

Video chapters
1. 00:00 – Intro
2. 00:16 – Seven Days to Raise the Debt Limit
3. 01:57 – If the National Debt Is Allowed to Continue to Rise at Current Rates
4. 06:01 – Outro

Video references
- https://www.npr.org/2023/05/08/1174703720/debt-ceiling-standoff-economic-calamity-yellen
- https://www.reuters.com/markets/us/biden-mccarthy-start-debt-ceiling-talks-clock-ticks-default-2023-05-09/#:~:text=WASHINGTON%2C%20May%209%20(Reuters),if%20Congress%20does%20not%20act
- https://en.wikipedia.org/wiki/History_of_the_United_States_debt_ceiling#:~:text=The%20debt%20ceiling%20was%20raised,debt%20itself%20may%20have%20reduced
- https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124#:~:text=Many%20people%20believe%20that%20much,right%20here%20in%20the%20U.S
- https://en.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis
- https://www.bbc.com/news/business-65461927
- https://courses.lumenlearning.com/wm-macroeconomics/chapter/government-spending/