Don't read this post

 No one wants to hear about DEBT CEILING 

What does DEBT CEILING even mean ???  Some in the Media and the Congress want toy to believe that this spending more money... aka increasing our debt ... WRONG ! its just wrong...

IF you say have a Credit card with a $1000 dollar limit...AND you have have a RULE that you cannot go owe over  $1000 on that card,,, BUT you bought things that equaled $1000 and now with that $1000 and the  interest on the Card has added  you now owe $1000 and $5 dollars.

You can chose to do one of two things,,, 1) default on the Credit card - not pay what you already owe - money you already spent or 2) Increase the amount that you can owe on the card..  

THAT is what the Debt Ceiling is, Increasing the Amount of debt you can have to Pay for the Things you ALREADY BOUGHT !  Don;t let the Rhetoric fool you.  Those advocating to not increase it and oh BTW - it has been done 78 times before.  The actual Ceiling was met  last week - according to the Finance Department. But they have a provision that they can continue to pay for things in an emergent situation until we run up against what they are calling DAY X or X DAY - that will happen this summer - when we REALLY hit the TOP of the Ceiling. and the House can vote to increase it or default.

Defaulting would be catastrophic. You can go read about the affects in you r favorite search engine... not FOX news or OAN- use a real news source... The US would then default on our debt for the 1st time in HISTORY.  World financial markets would down grade our financial rating,, meaning that it would cost more to borrow money.   The stock and Bond market would likely fall.. not collapse maybe but take huge hit ! Perhaps most seriously, if the U.S. Treasury does not meet its debt obligations, it would result in a default on trillions of dollars of assets. These assets, currently considered high investment grade, would turn into “junk” bonds overnight and may result in a cascade of selling across many financial assets - a downturn int he market like has not been seen since the Depression. 

DO I understand all the in and outs of the Debt Ceiling, where we owe money, what would we default on - Medicare, Social Security, Paychecks to the Military, etc.... nope - I don't. Here is what I do know ,, those that are advocating debt failure  and tie the increase of the Debt Ceiling to spending cuts are playing with actual fire - and what scares me is that many of those advocating that are ones that denied the last election, think jewish space lasers affected the election, believe that if you have solar panels will not provide power at night...  yea - so I doubt they can understand the DEBT and the Financial implication of Defaulting on the DEBT !!