I recently spoke with author and economic analyst John Sneisen about the coming March 15th, 2017 debt ceiling decision, or perhaps lack thereof.

Since World War Two we have seen battles over the debt ceiling, originating with a 49 billion dollar debt in June, 1940 to nearly a 20 trillion dollar debt in 2017. This escalation is extremely volatile considering the effect it has on the average person working 9-5 and attempting to feed their family.

The treasury used to create debt and buy off their own debt, but no more. You cannot buy this level of debt. No one wants it.