https://youtu.be/QoPJ-ucV_hc

Economic turbulence looms ahead of U.S. hitting debt ceiling

https://youtu.be/OxrK1V3NX1k

Why Budget Deficit Matters and How It impacts you.

How does the government finance the debt? We pay the taxes. 

It is the revenue the government collects. The revenue goes up

and down depending on the economy. It is OK for the government

to borrow as long as the economy goes well. The economy can go

sour when there is a protracted war, natural disaster, pandemic, and corruption.

At the time, the country with too much debt may 

not be able to pay the interest on her debt or pay the principal when

the lender asked her to pay it back at once.