Debt Limit Agreement Bring Economic Stability

1 min read
May 30, 2023 2:49:11 PM

As the deadline for the debt ceiling agreement approached, there was a sense of urgency to get the matter settled as soon as possible. Neither side wanted the United States to default on their financial obligations. It’s impossible to think that something like this could happen. Both sides had to do what was necessary to reach an agreement. Thankfully, it appears that they will get something done so people will get their social security checks and our country can pay the bills.

After an agreement is reached, they should figure out a way to make sure this doesn’t happen again. Granted, it is not like balancing your checkbook, but surely solutions can be found. There must be data and matrix available to avoid the issue in the future. Maybe it’s time to form a committee to avoid the financial market stress that this situation causes. Even while the situation is being resolved, the stock market can experience bond and stock volatility while the treasury builds cash to cover what was lost when they couldn’t borrow anymore. 

It is a stressful situation that thankfully might be resolved, at least for now. Let’s work to build the resources we need to maintain our national debt. Millions of people pay into social security and other funds that depend on the financial stability of our country to be there when needed. Explore ways to secure more financial security for what we like to boast as the richest country in the world. If we want to keep it that way, we have some serious work to do.