Understanding The United States Debt Limit System [Video]

Geekdom is all about knowledge, hence the reason I’m posting this. As a Canadian, the American “debt limit” system seems totally nonsensical to me, but at least I understand how it works now. I don’t envy the role of the president in this, it seems like he’s in a pretty nightmarish position (according to this video.)

[C.G.P. Grey]