Problem is the unpaid bills never get paid if the debt ceiling is never extended. They become contingent iou’s But good point nonetheless! Failing To Raise The Debt Ceiling Doesn’t Reduce Government Spending
Mosler Economics / Modern Monetary Theory
The Site of Economist Warren Mosler
Problem is the unpaid bills never get paid if the debt ceiling is never extended. They become contingent iou’s But good point nonetheless! Failing To Raise The Debt Ceiling Doesn’t Reduce Government Spending