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<h1>Debt Ceiling | Is 2023 About To Be Worse Then 2022?</h1>

Many are starting to think that even with the recent rallies that 2023 might become worse for the stock market and governments overall in 2023 and make 2022 look like a cake walk. They might not be far off but this also starts to venture in the speculation that crypto might be a better store of value as we roll into 2023.

Let's take a look at what's going on right now and what's creeping around in the background that could cause major issues throughout the world.

### The Debt Ceiling

A fun tool that people love using is called [USDebtClock.org](https://www.usdebtclock.org/) it gives a breakdown of money coming in and going out of the united states and lets just say it's been going into deeper and deeper debt for years now. However it's quickly escalated and it's becoming apparent it actully might now be running into trouble. The bloated government is going to have to start doing something to correct this finally.

In short the debt ceiling is the max money the government can borrow to pay for obligations such as Medicare, social security etc.

### Can't the government just print more?

Sure, but there are issues with that. The debt ceiling could keep being added on to in order to avoid default and shutting down services. The issue there's two parties and one clearly does not agree with the other.

Yes, I'm about to get political on you all here for a moment.

Democrats are more and more headed to what is known as a socialist party where the government comes in control of more and more aspects of it's civilians lives. It makes the decisions for the such as healthcare, war, higher taxes to fuel it all and so on. While the Republican side is trying to prevent that by having the government start cut some spending.

However what happens is this line keeps getting pushed back to the last minute where both parties are pretty much obligated to pass it otherwise the damage around the world on the USD will be catastrophic especially now that Russia, China and India along with a few other countries are looking to start their own global currency with Opec support. This pushes things ahead for a "socialist country" or at least progression towards it while the republican side looks like the bad person if they allow it to default when really their views are to cut and trim the government business which is exactly what a strong business does! Every 10 years or so the markets get hammered and these businesses trim the fat and cut back on unneeded expenses. The government Nope.


### My Thoughts (and I'm sure others)

The larger a "company" gets the more wasteful and bloated it becomes. Yet there's a high portion of the current population that wants the government to be more in control of their money and to offer so called "free" services like healthcare etc. The issue. The government shouldn't be in control of these things as it has a clear track record of over spending and being extremely wasteful. It's a bloated system that's starting to get harder and harder to fund and the other half of the population is getting sick of it.

You see what made the united states great is you at one point got to keep a rather good portion of your earned income and then decide how best to spend it yourself. When to go to the doctor, when to invest or risk and how much, when to buy things and not buy things and so on. It was the "freedom" that allowed YOU to make choices and not your government making those choices for you in a very expensive and wasteful way. It's really that simple.

I also constantly hear about other countries saying they have "free" health care etc. I hate to break it to ya nothing is free and you'd be surprised by how reliant the EU is on the united states for EVERYTHING. As far as I'm concerned they can start helping footing the bills.

### The Outcome

While the chances of not coming to an agreement are very low there's still that chance. However that chance would spell ultimate disaster for the united states in terms of credibility, paying higher interest on debts and so on. It just shouldn't happen otherwise the outcome is far worse then the little battles that go on between 500+ people in congress.

What could happen however is still a shot to the system and could spark a 5%-7% decrease in the S&P in a single day much like we saw in 2021 when the house couldn't come to agreements. Pushing it off and delaying the payment would also most likely spark drastic measures still pushing unemployment back into the start of lock downs at 9%, interest rates would spike and trillions in wealth to citizens would be wiped out short term. I think it's time we start pressuring our government to start cutting back on spending and not fueling more and more tax collecting for things like healthcare etc which they clearly can't manage correctly! I think that's something we ALL can agree on at least I would hope. 

Let's not forget the extra 80 billion that was just recently funded to the IRS for a increase. All in an effort to take more of your tax money, lock more people up, fine them and penalize them for a honestly confusing and jacked up tax system where you have to actully hire someone else that specializes in it just to pay the damn thing.

While a default honestly wont happen and if it did kiss your butt goodbye what could happen is delays and these delays are costly. In fact this happened in 2011 and caused the stock market to crash over 19% seemingly overnight. Not only that but it caused the united states to lose it's triple A rating (government credit report) and fall to a AA+ which honestly still hurts us a bit to this day. Doing so again would most likely cause this to drop again and this time a even worse crash then the one in 2011. Again I think it's time the US people start to wake up to this and not be so sleepy in understanding the devastating forces at work here against ALL citizens. This issue does not care about your race, age or what you believe in. It will evenly impact everyone in a very negative way.

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