In this video, Ed Butowsky explains how if you ran your household budget like the US Government, you would have to fire yourself.
Ed explains the current debt ceiling dilemma in simple terms. Please watch and share!
- The Debt Ceiling is simply the amount of money the US owes other countries and people who have purchased our debt.
- Imagining a household budget, we would currently be 477k in debt, and preparing to put more onto the credit card.
- China purchases a lot of US debt. If the debt situation were to collapse, social security, medicare, the military, and other important programs would be in serious trouble.