Now that President Obama has been sworn in for a second term as the President of the United States, gear up for another fight between the President and Congress over the debt ceiling.

It’s not, as the Republicans or Fox News would have you believe, a means to limit future spending. The debt ceiling caps the total debt that the US Government can have in order to pay bills already incurred. It’s not like the limit on your credit card but the extent of money on the line of credit you use solely to pay your credit card.

To help you learn what the debt ceiling is actually about and to explain Congress’ role in the budget and debt ceiling fights, we found this handy video for you to watch.