Comments by "Jay M" (@jaym9846) on "Wallace: The debt ceiling talks are going to take a lot longer than the markets would like" video.

  1. Current US debt is $38,000,000,000,000 ($7 trillion to foreign countries including China). When US raises the debt limit, it can borrow more. To lenders, US pays interest (currently 4.3% for 1 yr bonds). As Ray Dalio explains, the problem is, year-after-year, we spend more than we earn.
    3