Comments by "Jay M" (@jaym9846) on "'We're too far away from the debt ceiling deadline to get a deal done', says Jim Cramer" video.

  1. Current US debt is $38,000,000,000,000 ($7 trillion to foreign countries). When US raises debt limit, it goes and borrows more. To entice lenders, US has to pay interest (currently 4.3% for 1 yr bonds). As Ray Dalio explains, the problem is we spend more than we earn.
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