What happens to SNAP or WIC programs during a government shutdown? [Video]

Get the facts on the debt ceiling. The debt ceiling is *** cap on how much the country can borrow to pay for what’s already been spent. This is like paying off your credit card with money you’re borrowing from someone else. It’s not *** green light to spend more. Over the years, both parties have contributed to the rising debt with massive. packages and tax cuts. The US spends more than it brings in, so most of that is paid for by borrowing money. If the amount the government owes hits the ceiling, we default, which is why Congress is constantly lifting or waiving the limit. Defaulting on the debt has some real life consequences as well. The Treasury has to start pinching pennies. That means people relying on Social Security or veterans benefits don’t get the money they’re owed. Even some of your interest payments could go up …