This section of the 14th Amendment is being twisted and contorted by the Rats from its original purpose-—to take care of Civil War veterans and to destroy the credit of the former Confederate States of America, once and for all. It has nothing to do with the modern debt ceiling.
Not only did they destroy the credit of the insurrection that pretended to be a Confederacy, it also removed credit claims from the creditors of the insurrection.
The supporters of the failed insurrection used the pension clause as a loophole for states to pay pension claims to their soldiers. My understanding is some insurrection soldiers subsequently married young women who as widows collected pensions well into the 20th Century.