Tag: Credit

The Problem with Hitting the Government Debt Ceiling (Ep. 80)

The Problem with Hitting the Government Debt Ceiling (Ep. 80)

Most people don’t know that the government has hit the debt ceiling and the Treasury Department is struggling to balance the finances. What does this mean for the rest of America?

In this episode, Royal Standley explores what it means to hit the debt ceiling and why it is a big deal if there is no solution. He shares how hitting the debt ceiling impacts different levels of individuals, from government bodies to regular consumers, and how it impacts financial planning.

Royal focuses on:

  • What debt ceiling is and why was it created
  • Conservative versus Liberal viewpoints on the amount of debt owed by the government
  • What could be a resolution with two conflicting parties
  • What can listeners do with their own finances to guard against this type of scenario
  • And more

Connect with Royal Standley:

Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action.  Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change.  All investing involves risk, including the potential for loss of principal.  Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.