What Is The Debt Ceiling

The debt ceiling is like the nation's credit card.

To run with the analogy, it’s like the kids having a credit card, but little idea of what credit is or how it works. They just know that every so often the credit card company says they’ve almost maxed out the card and will have to stop spending if something doesn’t change.

So what do they do?

They ask mom and dad to get the credit limit increased of course😎 .