Does anybody know what happens when a debt limit is too high?
Because i've heard this political bait since Reagan.
Here's what "ai" says:
But as we've learned from the financial collapse of 2008, there's a difference between reality and theory.
I mean, United States is accountable to who in terms of debt? To China? Don't make me laugh. What are the Chinese gonna do? Invade the United States so they can collect money? lol
And what does this even mean? What does debt mean to people in practicality? Increase in taxes? Taxes increase even when the debt is balanced, so what is it?
@Texasgal do you know anything about this?