On today’s episode, we’ll answer that question, provide a bit of history on the US debt ceiling, and of course, let you know what you can be doing to ensure you’re prepared for whatever may happen.
Topics Discussed:
- The buildup and attention being given to the debt ceiling and why it shouldn’t be that way.
- How the debt ceiling may affect you and your financial future.
- What the debt ceiling is and why it was created.
- The only other country with a debt ceiling and why it’s not common.
- The history of debt ceiling negotiations in the US throughout history.
- Who owns most of the US debt.
- The result of a default.
- What can (or cannot) be done about the US debt issues.
- How you can best prepare for the possible outcome of the negotiations.
Resources Mentioned:
Tags
ER doctor, emergency medicine, emergency doctor, ER, financial planning, debt ceiling, US debt, default, debt, debt limit,
