Why The U.S. Has A Debt Ceiling, While Most Other Countries Don't

The video discusses the US debt limit, its implications, and the political dynamics surrounding it. It explains the history and function of the debt ceiling, comparing it to other countries like Denmark. The political aspects are highlighted, showing how it serves as a political tool. The possibility of removing the debt ceiling is also explored, considering its artificial nature and political implications.

What are the two ways mentioned to raise the debt ceiling?

What is the significance of Mitch McConnell's statement regarding the US defaulting?

What are the political implications of getting rid of the debt ceiling?