AEI's Scherbina on Debt Limit Deal

The video discusses the history and implications of the U.S. debt ceiling, which has been raised over 90 times. It examines the economic impact of recent debt deals, highlighting that they offer limited fiscal benefits. The video also explores market reactions to debt ceiling negotiations, emphasizing the uncertainty and potential costs. A debate on the necessity of the debt ceiling is presented, with arguments for its elimination. Finally, the long-term implications of growing public debt are considered, focusing on the role of U.S. Treasury bonds and potential risks to credit ratings.

What historical implications have been observed with the raising of the debt ceiling?

How many times has the debt ceiling been raised since it was instituted?

What impact does the impasse over the debt ceiling have on Treasury yields?

What are the estimated savings from the recent debt deal according to the Congressional Budget Office?

What does Representative Jim Clyburn suggest regarding the debt ceiling?

How does uncertainty around the debt ceiling affect the markets?

What are the long-term implications of growing public debt as discussed in the text?