The Debt Ceiling

THE DEBT CEILING est. 1917 2011 projected $15 2010 $14.3 hit this cap may 16, 2011 $12.4 $12.1 2009 $11.3 2008 $10.6 SINCE 2007 $9.8 1940, the ceiling has been 2006 $9 raised 2004 $8.2 nearly 100x 2003 $7.4 2002 $6.4 TIME DEBT CEILING (in trillions) SOURCE: The President's Budget chart 7.3 DEBT CEILING: The legal limit of dollars that the federal government is allowed to owe at any given time. SKRUPTINGAMERICA THE DEBT CEILING est. 1917 2011 projected $15 2010 $14.3 hit this cap may 16, 2011 $12.4 $12.1 2009 $11.3 2008 $10.6 SINCE 2007 $9.8 1940, the ceiling has been 2006 $9 raised 2004 $8.2 nearly 100x 2003 $7.4 2002 $6.4 TIME DEBT CEILING (in trillions) SOURCE: The President's Budget chart 7.3 DEBT CEILING: The legal limit of dollars that the federal government is allowed to owe at any given time. SKRUPTINGAMERICA THE DEBT CEILING est. 1917 2011 projected $15 2010 $14.3 hit this cap may 16, 2011 $12.4 $12.1 2009 $11.3 2008 $10.6 SINCE 2007 $9.8 1940, the ceiling has been 2006 $9 raised 2004 $8.2 nearly 100x 2003 $7.4 2002 $6.4 TIME DEBT CEILING (in trillions) SOURCE: The President's Budget chart 7.3 DEBT CEILING: The legal limit of dollars that the federal government is allowed to owe at any given time. SKRUPTINGAMERICA THE DEBT CEILING est. 1917 2011 projected $15 2010 $14.3 hit this cap may 16, 2011 $12.4 $12.1 2009 $11.3 2008 $10.6 SINCE 2007 $9.8 1940, the ceiling has been 2006 $9 raised 2004 $8.2 nearly 100x 2003 $7.4 2002 $6.4 TIME DEBT CEILING (in trillions) SOURCE: The President's Budget chart 7.3 DEBT CEILING: The legal limit of dollars that the federal government is allowed to owe at any given time. SKRUPTINGAMERICA THE DEBT CEILING est. 1917 2011 projected $15 2010 $14.3 hit this cap may 16, 2011 $12.4 $12.1 2009 $11.3 2008 $10.6 SINCE 2007 $9.8 1940, the ceiling has been 2006 $9 raised 2004 $8.2 nearly 100x 2003 $7.4 2002 $6.4 TIME DEBT CEILING (in trillions) SOURCE: The President's Budget chart 7.3 DEBT CEILING: The legal limit of dollars that the federal government is allowed to owe at any given time. SKRUPTINGAMERICA THE DEBT CEILING est. 1917 2011 projected $15 2010 $14.3 hit this cap may 16, 2011 $12.4 $12.1 2009 $11.3 2008 $10.6 SINCE 2007 $9.8 1940, the ceiling has been 2006 $9 raised 2004 $8.2 nearly 100x 2003 $7.4 2002 $6.4 TIME DEBT CEILING (in trillions) SOURCE: The President's Budget chart 7.3 DEBT CEILING: The legal limit of dollars that the federal government is allowed to owe at any given time. SKRUPTINGAMERICA