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एब्स्ट्रैक्ट:The best way to solve problems created by the debt ceiling is to get rid of it, writes economist Steve Pressman.
The US government hasn't been able to borrow money since March 1 and has been burning through cash.
The government's borrowing is limited by the debt ceiling, established in 1917.
The best way to solve problems created by the debt ceiling is to get rid of it, writes economist Steve Pressman.
Editor's note: The US government maxed out its national credit card in March and has been moving money around ever since to avoid running out of cash.
Very soon the Treasury Department will reach the limits of this financial sleight of hand, and Congress will have to either raise the debt ceiling — currently US$22 trillion — or suffer the consequences.
Economist Steve Pressman explains why we have a ceiling and why it's time to abolish it.
अस्वीकरण:
इस लेख में विचार केवल लेखक के व्यक्तिगत विचारों का प्रतिनिधित्व करते हैं और इस मंच के लिए निवेश सलाह का गठन नहीं करते हैं। यह प्लेटफ़ॉर्म लेख जानकारी की सटीकता, पूर्णता और समयबद्धता की गारंटी नहीं देता है, न ही यह लेख जानकारी के उपयोग या निर्भरता के कारण होने वाले किसी भी नुकसान के लिए उत्तरदायी है।