Breaking Down the Debt-Ceiling Debate

What you can expect if the government doesn’t find a middle ground on the debt ceiling.


What's the point of the debt ceiling?

In theory, the debt ceiling is meant to help Congress control spending. However, with national elections next year, the debt ceiling debate has devolved into a partisan political game.

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"You've got two opposing political parties, each trying to score points before the next election and make the other side look as bad as possible and we, the American public, are going to suffer as a result," says Angel. "The real question is, do we keep paper shuffling or do we bring on Armageddon and bring down the other side?"

Twitter: @mmhandley