...there's one recurring thread that haunts us that people aren't yet talking about: the debt ceiling, which must be addressed once again by January 2nd, 2025.
As I've reported in The Washington Spectator previously, any default on US debt would be unprecedented, sparking a global catastrophe with unpredictable outcomes. How soon we forget -- in 2021 Moody's estimated that default could mean the loss of at least 6 million jobs and the destruction of $15 trillion in wealth. (The COVID bailout packages amounted to about $4 trillion, by comparison.)