Debt Ceiling Crisis Explained.

You may have hear a lot about the debt ceiling crisis lately. I am here to explain the debt ceiling to you and show you how the debt ceiling is way worse than a government shutdown because the debt ceiling crisis is really a default on government debt. 00:00 - Introduction 00:43 - What Happens if the US Defaults 01:29 - Why This Matters 02:51 - Debt Ceiling Versus Government Shutdown 04:25 - Debt Ceiling Explained 05:55 - Why You Are Hearing of the Debt Ceiling Now 08:39 - Why Doesn't Congress Raise the Debt Ceiling 09:19 - Why Republicans Don't Support Debt Ceiling 09:53 - Why Democrats Don't Just Raise the Debt Ceiling 10:45 - How Stimulus Is Impacted 11:37 - How This Will Impact You ⚠️⚠️ SUBSCRIBE AND LIKE THIS VIDEO TO SPREAD THE WORD. ⚠️ ⚠️ 📈💰FREE $30 Bonus and TERRIFIC Stock Trading App M1 Finance: https://m1.finance/6LiCsM7it3eb​ ✅ My Favorite Book on Investing (Highly Recommend, Easy Read): https://amzn.to/2zKW16o​ 💰💰 $50 FREE & 5%+ CASH BACK CARD, Discover It Credit Card: https://bit.ly/2kgiYXj​ AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and sign up. However, this does not impact my opinions and comparisons. #DebtCeiling