US Debt Limit - Poor Beggars - 1 of 8

The "Statutory Limit on Public Debt" clause in U.S. Budget Control Acts are an important threshold and restriction. How important is this "Debt Limit?"...it is the most important chink in the American government and society today. I have discovered a chain of letters from the Treasury Secretaries of the USA to the Congress; they are shocking in their candidness and relay a status report of America that is alarming.

Debt Limit
The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal
obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.