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American politics

Am I missing something or in the US do they basically just have a vote every few months to raise the debt ceiling and borrow even more money. No wonder all their stocks keep going up - wouldn't be surprised if there's a massive crash in the next couple of years with all this money printing.
 
P.D. said:
Am I missing something or in the US do they basically just have a vote every few months to raise the debt ceiling and borrow even more money. No wonder all their stocks keep going up - wouldn't be surprised if there's a massive crash in the next couple of years with all this money printing.
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Is literally mental.
 
P.D. said:
Am I missing something or in the US do they basically just have a vote every few months to raise the debt ceiling and borrow even more money. No wonder all their stocks keep going up - wouldn't be surprised if there's a massive crash in the next couple of years with all this money printing.
Click to expand...
Having a debt ceiling is a smart idea. Having one so easily circumvented is ridiculous.
 
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P.D. said:
Am I missing something or in the US do they basically just have a vote every few months to raise the debt ceiling and borrow even more money. No wonder all their stocks keep going up - wouldn't be surprised if there's a massive crash in the next couple of years with all this money printing.
Click to expand...

there will be a crash if they don’t raise it
 
Baleforce said:
there will be a crash if they don’t raise it
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Will come to a head eventually, they get away with it because the dollar is so widely used. Might be many years away but if oil wasn't priced in dollars for instance or other countries had more stable currencies they'd be in big trouble.
 
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