ITM Trading: Is the US Debt Ceiling a Scam? What Happens if it’s Abolished?

In recent discussions surrounding the U.S. economy, a topic that often flies under the radar is the staggering amount of government debt that exists off-balance sheet. Rick Rule, the President and CEO of Rule Investment Media, highlights this issue in the 2025 Outlook Series with Daniela Cambone on ITM Trading, referring to the debt ceiling as “fraudulent.” His comments open a critical dialogue about the ways in which the government manages its fiscal responsibilities and the potential consequences for American citizens. Rule argues that the concept of a debt ceiling is not truly observed. Despite political rhetoric suggesting otherwise, the…