Yesterday, America's national debt hit its legal limit.

For years, the government has spent far more than it can afford. This history of overspending has left the country with a massive debt burden. But this debt is subject to a limit mandated by Congress. When the debt nears the limit, Congress usually raises it to allow the government to continue borrowing money. But as the government spends at an ever increasing pace, Congress has had to raise the limit with increasing frequency.

So, what’s at stake? We go beyond the headlines for all the facts you’re not hearing. Watch the video below.

Lawmakers are currently working on a deal to increase the debt ceiling. While there has been a lot of debate about the affects of raising or not raising the limit, what's the larger issue at play?

Government overspending got us into the problem. Spending cuts will get us out of it. If the necessary spending reforms are enacted, we can avoid ever having to consider a debt ceiling increase again.

Our Beyond the Headlines video is a must watch on this issue, covering all the facts about the debt ceiling that you're not hearing. Watch the video now and educate others by sharing it on Facebook.

The debate over the debt limit isn't going away, stay tuned to Bankrupting America this week as we prepare to release a cool new infographic that lays out the history of the debt limit.