ELI5 Debt Ceiling - why do we even have one?
Why do we have a debt ceiling? What used to happen before it was invented? Do other countries have one? What happened in 2011 and why did it involve Apple? What was the trillion dollar coin?
... We explain like i'm five!
Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: the_walking_deaf, bolshevikmuppet, lobsang_ludd, bossgalaga, the_cleric, buzzyness and chrisfartwick
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