Wednesday, January 12, 2011

The Federal Debt Spike

"A statutory limit on the amount of federal debt outstanding has been in place since 1917, when Congress enacted the Second Liberty Bond Act. The current limit is $14.294 trillion. Since 1940, the debt ceiling has been increased on 80 separate occasions.

Current levels are now north of $14 trillion, bringing increase #81 shortly..."


at http://econompicdata.blogspot.com/2011/01/federal-debt-spike.html

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