There's been a lot of chatter lately about the US Debt Limit “crisis” that was created by our elected officials. I'm not suggesting it's not a crisis, it certainly is, yet 100% of the blame is shared by our elected officials on both sides.
The easiest way to understand it is to think of it as a credit card that has a credit limit. Imagine if you paid all your bills using that card and suddenly decided you wanted (or needed) to buy more stuff.
If the credit line is maxed out, simply call the bank and ask for a higher line of credit…what could go wrong? LOTS, lots can go wrong.
There is an unimaginable amount of bad information spewing from Washington DC on this topic which is why I made this episode. It's time for you to take action to protect yourself from our elected criminals. This episode will help explain what's really going on, how we arrived here, and then offer suggestions on how to prepare yourself to weather the storm.
Should you be nervous about the debt limit? No, but you should be taking steps to prepare and protect your financial future.