I’ll bet you thought you have more than enough to worry about. And now, our nation’s capital has managed to come up with something else—whether or not we’ll raise the national debt ceiling.
Never mind that the debt ceiling isn’t about new spending at all. Raising the ceiling only allows the government to pay the bills it has already incurred. Failing to raise the debt ceiling is like going on a spending spree, taking all of the stuff you bought home, then getting a bill and refusing to pay it. Failing to raise the ceiling, in effect, puts the nation in default.