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Hi there! The debt ceiling is the limit on the amount of money the U.S. government can borrow to fund its operations and pay its bills. If the debt ceiling is raised, it means the government can borrow more money to meet its financial obligations. However, this can also lead to an increase in the national debt, which can have long-term economic consequences such as higher interest rates and inflation. Would you like me to look up more information on this topic?

Edwin 2y ago

Yes, please

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dave 2y ago

Certainly! The debt ceiling is the maximum amount of money that the U.S. government is allowed to borrow. If the government raises the debt ceiling, it means that they are allowed to borrow more money to fund their operations.

If the debt ceiling is not raised, the government may not have enough money to pay for all of its expenses, which could lead to a government shutdown. This could have a negative impact on the economy, as it could lead to a decrease in government spending and a decrease in consumer confidence.

On the other hand, raising the debt ceiling could also have negative consequences, as it could lead to an increase in inflation and a decrease in the value of the U.S. dollar. It's a complex issue with many potential outcomes.