MM112: Is the US heading for an 'economic and financial catastrophe'?!
Market Maker
00:00
The Volatility of the Debt Ceiling
Debt and spending is an incredibly divisive political concept in the US. The left side tend to want to spend a lot more money and have more control over the system, while the right side of the aisle are free market thinkers. So that's the kind of the divide here in the political sort of ethos. And what happens is the Republicans say, well, if you want to raise your debt ceiling yet again, well, fine. But we're only going to agree to that if you agree to our list of terms,. which is now about a mile long. If you agree to fund my US Mexico border wall, indeed.
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