The Debt Ceiling: A Masterclass in Ignoring Basic Math

In this video, Ed Butowsky explains how if you ran your household budget like the US Government, you would have to fire yourself.

Ed explains the current debt ceiling dilemma in simple terms. Please watch and share!

Summary:
- The Debt Ceiling is simply the amount of money the US owes other countries and people who have purchased our debt.
- Imagining a household budget, we would currently be 477k in debt, and preparing to put more onto the credit card.
- China purchases a lot of US debt. If the debt situation were to collapse, social security, medicare, the military, and other important programs would be in serious trouble.

➡️ About Chapwood Investments and Ed Butowsky ⬅️

For over 30 years Ed Butowsky of Chapwood Investments has helped countless high-net-worth clients bring clarity and understanding to their portfolio management by targeting specific rates of return to meet their long-term needs.

In fact, Chapwood Investments was formed for one simple reason: To help clients understand and give perspective and knowledge of what they already have in their portfolios.

Most clients have no idea what it is that they own and what they should expect from what they own. So, Chapwood Investments was built to give people that knowledge. For more information, visit https://chapwoodinvestments.com/

➡️ Questions for Ed Butowsky or Chapwood Investments? ⬅️

If you have any comments or recommendations for subject matters on future videos you would like to see covered, please share them at ed@chapwoodinvestments.com.

➡️ Looking for more information? ⬅️

Consider adding Ed's book, Wealth Mismanagement, to your collection. It is available on Amazon and Barnes & Noble. Visit https://edbutowskybook.com/ for more information.

And be sure to subscribe to the channel and visit us at ChapwoodInvestments.com for more investment and wealth management news and information.

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Chapwood Investments, LLC is an SEC Registered Investment Advisory Firm (SEC.gov). No mention, opinion, or omission of a particular security, index, derivative, or other instrument in this webcast or video constitutes an opinion on suitability of any security. The information and data in this video were obtained from sources deemed reliable. Their accuracy and completeness are not guaranteed. At any given time, principals at Chapwood Investments, LLC may or may not have a financial interest in any or all of the securities or instruments discussed in this webcast or video. The guests appearing on videos do not receive compensation or provide endorsements or testimonials. Past performance is not indicative of any future results.