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Every couple of years, our elected representatives play a game of chicken that’s the subject of breathless headlines predicting dire consequences.  Will we or won’t we avert financial disaster?  We’re talking about the debt ceiling, of course.  All that hysteria makes you wonder what would happen to ordinary Americans if the United States actually defaulted on its debt.  In the first installment of a two-part episode, Joe and Mark discuss why the debt ceiling exists, what a default would mean, and what we might do to prevent one from happening. (Recorded June 16, 2023.)