Why The U.S. Has A Debt Ceiling, While Most Other Countries Don't

Why The U.S. Has A Debt Ceiling, While Most Other Countries Don't

Assessment

Interactive Video

Social Studies, Business

University

Hard

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The video discusses the US debt limit, its implications, and the political dynamics surrounding it. It explains the history and function of the debt ceiling, comparing it to other countries like Denmark. The political aspects are highlighted, showing how it serves as a political tool. The possibility of removing the debt ceiling is also explored, considering its artificial nature and political implications.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would be the consequence of not raising the debt limit?

The national debt would decrease.

New spending would be approved.

The country would default on its debt.

The military would receive more funding.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two countries have a debt ceiling?

Germany and Poland

Denmark and Poland

US and Denmark

US and Germany

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a 'debt break' as mentioned in the video?

A limit on new spending

A rule to keep debt under a percentage of GDP

A temporary suspension of debt payments

A method to increase the debt ceiling

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason the debt ceiling is considered a political tool?

It is a constitutional requirement.

It allows for new spending.

It is used to control inflation.

It is used to gain political leverage.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one method mentioned for raising the debt ceiling?

Reducing government spending

Issuing more bonds

Increasing taxes

Suspending it for a period

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major argument against the debt ceiling?

It is a constitutional requirement.

It is an artificial limit.

It encourages new spending.

It is unique to the US.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is there resistance to removing the debt ceiling?

It is a constitutional requirement.

It helps track US spending.

It is a political tool.

It encourages fiscal responsibility.