The Debt Ceiling: Uniquely American Bullsh*t

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary reason for establishing the first debt ceiling in 1917?
To control inflation
To increase government spending
To fund World War One
To reduce national debt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During which presidency did the debt ceiling become a significant partisan tool, leading to a credit downgrade?
George Bush
Barack Obama
Bill Clinton
Ronald Reagan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the outcome of the debt ceiling standoff during the Obama presidency?
Debt ceiling suspension
Structural financial changes
Painful spending cuts
Increased taxes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country, besides the United States, has a debt ceiling, and how is it different?
Australia, with a low ceiling
Germany, with no ceiling
Denmark, with a very high ceiling
Canada, with a flexible ceiling
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What unique legislative requirement does the United States have that complicates raising the debt ceiling?
A simple majority
A supermajority
A presidential approval
A public referendum
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