Well, howdy there internet people? It's Boa again. So today we're going to talk about the death

ceiling. We're going to talk about how it's being framed, what it is, what's going on with

the whole show that's occurring and just kind of go over all of it.

We'll do this for two reasons. First, we hit the debt ceiling.

Second, it's being framed in a certain way that I just think is wildly inaccurate and I think people

need to know that.

You have Republicans right now saying that the debt ceiling is, it's like a credit limit on a credit

card. No, that's not what it's like at all. A credit limit is imposed by the lender.

The debt ceiling is self-imposed. The U.S. is no where near its actual credit limit. Can borrow a whole bunch more. It's not a credit limit.

It's not a credit limit. It's a

credit limit. It's a self-imposed thing. It's more like if you were to, I don't know,

have a credit card that has a $100 balance on it and a ten thousand dollar limit and you're

walking into the store because you want to buy a new computer and as you walk in you

say I'm only going to spend $600. That $600 limit, that's what the debt ceiling is. It's

self-imposed. It's not real. It's been raised I don't, 80 times or so since the 1960s.

But even that analogy with the credit card, That's not really accurate either. It's

closer but it's not really what it is because this isn't new spending. It's debt.

It's old spending

more like if you had a credit card for four years and you ran it up

I don't know 7.8 trillion dollars. You added 7.8 trillion dollars to the debt on the

credit card and then when the bill came in you're like no I don't want to pay that

that's more what it's like

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