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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

The Debt Ceiling

shared by PublicNotice on Oct 12
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Years of overspending have caused our national debt to explode. The national debt is subject to a legal limit determined by Congress. As Washington spends at a faster and faster rate, the debt ceiling...

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Economy
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