EXPOSED: This Is How The Debt Limit Actually Works And It’s Not Quite What You Were Expecting

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February 17, 2014 12:24pm PST

One of the most pressing issues we have faced during Obama’s presidency has been the debt ceiling.  Will it be raised again?  If so, how will our taxes be affected?  Will the government ever stop spending ridiculous amounts of money?  Well it’s not quite as simple as you may think – or is it?.  Here’s a clip that will explain exactly how the debt limit works and why we can’t seem to stop raising it.

H/T: Tell Me Now

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