There Are No Constraints on US Government Borrowing

Tags: Economic Policy, The Fed, Politics, U.S. Economy

08/05/2023 Mark Thornton

In this week’s episode, Mark reviews what people have said about Fitch’s downgrade of US government debt. Mark sees it as a good thing, but not good enough. The “minor issue” in the latest debt ceiling agreement is ignored by the mainstream media: politicians suspended the debt ceiling into 2025, rather than raising it to some arbitrary, higher figure.

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