<
https://theconversation.com/vital-signs-laugh-at-the-us-if-you-will-but-australia-narrowly-escaped-a-debt-ceiling-169250>
"The United States government is scheduled to hit its “debt ceiling” of US$28.4
trillion on or around October 18.
The US debt ceiling isn’t like the limit on a credit card, which is imposed by
the lender worried about the borrower’s ability to make payments.
Instead, it’s a form of self-delusion: a limit imposed by the borrower itself —
the US government in the form of the Congress — in order to limit borrowing
largely necessitated by decisions of the Congress."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
