Video: With the U.S. debt ceiling, can we raise the roof forever?

Share:   As the debate over the U.S. debt ceiling heats up and the GOP keeps mounting pressure on the administration, we asked PCC economics instructor Dr. Rebecca Johannsen to help us make sense of it all. “The U.S. has a pattern of having more spending than what they are bringing in in income every single year whether there is a recession or not, so it’s called deficit spending,” says Johannsen. Deficit spending, she explains, forces the government to borrow money to cover their expenses …