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Archive of entries posted on 2nd May 2023

The debt limit explained — maybe. Do not be worried. AI’s battlefield. Favorite gas pump.

The Debt Limit It’s simple: Congress has passed a budget. It doesn’t have enough money to pay for everything in its budget. It needs to borrow. There’s a catch-22 — unique to the U.S. Congress/Treasury. There is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, Hence, […]