tballardbrown:

Still wondering what the debt ceiling is exactly? Let Carl “60 Cent” Kasell school you!

Carl ‘60 Cent’ Kasell And The Debt Ceiling : It’s All Politics : NPR

I woke up this morning, thinking, man, I really need a Dummies guide to the debt ceiling business, because numbers, debt, credit, blahblah make no sense to me .

Then I came on Tumblr and listened to an informative rap by 60 cent! 

—

Here’s a little lesson,

Sit back for just a bit

Here’s how we make a dollar out of 60 cents

It started years ago,

In 1917

Congress set a limit

On the U.S. Treasury

It capped what they could borrow

Put a “ceiling” on the debt

After that first ceiling

It continued to be set

Congress — both chambers

The Senate and the House

They’ve raised it 12 times,

Since ‘95, no doubt

But a few months ago,

The ceiling got stuck,

Some members of Congress said,

“It’s gone WAY up!”

So they said “hold up!”

We’re spending too much!

A buck for every 60 cents

We’ve GOT to cut!

Weeks went by,

What to cut, how soon?

Should we raise taxes?

No one knew what to do.

The credit rating agencies

Weren’t feeling it at all

If we couldn’t get a deal

Our rating would fall.

Then a plan came together

On Sunday night

A commission from Congress

To set things right

The fight may be over

The ceiling could be raised

Can we get back to business?

Are we out of this maze?

==

of course i found a bunch of dummies guides….the internet knows what i want.