The Republicans scream that Democrats are spending the US into bancruptcy and the Democrats scream that Republicans want to cut all the social welfare programs and kill your grandmother. All the while, neither have any intention of spending less because the money is their power and you are their debt slave.

I could be wrong, but without jewgling it, this is my understanding:

the US gov is like a corporation which has AP and AR - Accounts Payable and Account Receivable. The Congress makes and passes budgets as they have "the power of the purse" and the Executive ultimately signs it into law, i.e. signs the cheque. Because our jew government loves debt / usury enslavement, and we have had a globalist owned, private bank as our main money lending source, we owe MORE than we bring in - so the AP exceeds that which AR accounts for. This is debt. Congress has pretty much kicked this debt ball down the road for so long that the debt exceeds our GDP, or what our country can actually make from producing products and services, and now they have to agree on the debt's "no-crossing line" which is absurdly high already, in the 10's of trillions. It can never be paid off, in any reality. This debt is mostly the interest on the overage loans (the delta between AP and AR in this case). Anyways, they all oy, vey, kvetch, and gnash teeth making it out to be this horrendous problem because jews hate when you default on their usury payments, but it really doesn't ever matter because if it really did, we'd have run the globalist bankers out a long time ago.

This article explains it

https://www.zerohedge.com/political/mcmaken-three-lies-theyre-telling-you-about-debt-ceiling

jew hand-waving. The end-result is always spending more and making future generations pay.

They crank up the printing press to pay their debt.

jews have placed Whites in the US at $31 trillion in make believe debt. It's capped at that, an increase raises that limit so dual citizen jews in congress can place more jew debt on the White man's shoulders. It's not confusing.