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hello and welcome to my channel thank you so much for being here every single year we hear about the debt ceiling dilemma once the government docHubes the limit then they have to increase it in order to avoid a shutdown essentially it is the same scenario every single year and it is precisely what is happening right now so really quick why is there a debt ceiling the dead ceiling or the dead limit in other words is the maximum amount of money that the United States Treasury can borrow just a couple of days ago I wrote on my sub stack about how the current debt ceiling bill that was just passed by the house and introduced by Speaker McCarthy might be a step in the right direction McCarthy himself said that the national debt in the United States is indeed at taking time bomb and we need to start taking action So to that end he introduced the bill to raise the 31.4 trillion dollar debt ceiling by 1.5 trillion dollars along with limiting Federal spend ending th