Inquiring Minds Want To Know -- July 26, 2022

Remember when the US government seemed to be running out of money every six months and the Secretary of the Treasury would warn the US Congress that if the debt limit wasn't raised, the US would default?

Maybe this screenshot will help:

So, what happened? I can't recall the last time we've gone so long without the SecTreasury concerned about running out of money.

There are at least three reasons which I will come back to later, but will let folks think about it for while. I think it's fascinating.