While raising the ceiling is essential to prevent economic catastrophe, pairing it with major tax cuts raises eyebrows. Yet GOP leaders argue that without structural reform and growth-based policy, America’s fiscal trajectory remains unsustainable. This debt hike is a necessary step to stabilize markets and restore investor confidence, both at home and abroad.

But when we shift our focus from individuals and businesses to governments, the dynamic changes drastically. Unlike you or your employer, the government doesn’t produce goods or services for profit. Instead, it funds its activities by taking a portion of what others have created. This article explores the core differences between how wealth is created by individuals versus how it is acquired and spent by governments, particularly the U.S. federal government.