The Debt Ceiling Explained
Treasury Secretary Geithner's letter to Congress on the debt ceiling warns that if Washington doesn't raise the government's borrowing limit, the economy will face catastrophe.
The U.S. government without a rising debt ceiling is like an average American without a credit card. If you can't borrow money, you can only spend what you earn. As Bruce Bartlett explained to me, "Let's say the Treasury makes $100 of cash today but it has to pay $1000 of bills. You have to create a line." If we pay off investors, we can't pay off contractors. If we pay Social Security checks, we can't pay federal employees. Michael Linden predicts the immediate cessation of 40 percent of federal government activities, including Social Security and military operations.
Upvote/downvote each of the videos below!
As you vote, keep in mind that we are looking for a winner with the most engaging social venture pitch - an idea you would want to invest in.
Here are 7 often-overlooked World Heritage Sites, each with its own history.
- UNESCO World Heritage Sites are locations of high value to humanity, either for their cultural, historical, or natural significance.
- Some are even designated as World Heritage Sites because humans don't go there at all, while others have felt the effects of too much human influence.
- These 7 UNESCO World Heritage Sites each represent an overlooked or at-risk facet of humanity's collective cultural heritage.
Famous physicists like Richard Feynman think 137 holds the answers to the Universe.
- The fine structure constant has mystified scientists since the 1800s.
- The number 1/137 might hold the clues to the Grand Unified Theory.
- Relativity, electromagnetism and quantum mechanics are unified by the number.
A new method promises to capture an elusive dark world particle.
- Scientists working on the Large Hadron Collider (LHC) devised a method for trapping dark matter particles.
- Dark matter is estimated to take up 26.8% of all matter in the Universe.
- The researchers will be able to try their approach in 2021, when the LHC goes back online.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.