This week we asked the Invstr Community What should the US government do with the debt ceiling.
The US government has a debt ceiling that limits its borrowing. Initially set at $11.5 billion, it has been raised over 100 times. Congress passes spending bills that increase the debt, but the ceiling is only raised when it’s about to be breached. The current debt ceiling is $31.4 trillion. Raising the ceiling again is a debate that has happened repeatedly: ending in the same result.
The poll resulted in one of the most even split results I’ve seen, with around one-third of Invstr’s voting for each option. Still, in the lead, 35% are unsure! This a very valid position, given how complex and large of a question the debt ceiling is. 33% voted that the government should raise the debt ceiling. In a close last place 32% of Invstr’s have voted NOT to raise the debt ceiling. There are many arguments for each side, but it is notable and interesting to see the difference in both and how close the results are. All in all, the Invstr community has again spoken with a diverse range of opinions! Thanks for sharing, and happy investing, everyone!
Have fun and see you next time with more poll results!
- The Invstr Team 🙂