US Debt Limit - Poor Beggars - 2011-05-13 Bennet Letter - 5 of 8

The "Statutory Limit on Public Debt" is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.

https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit

"If the government cannot govern the Accounts, it is a dubious proposition to let them govern people's lives. Keep the accounts straight, then, we will let you govern people's lives."