"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
No comments:
Post a Comment