Posts Tagged ‘Second Liberty Bond Act’

  • fiscal policy and the debt ceiling

    Fiscal Policy: What We Need to Know About the Debt Ceiling

    Sep 26, 13 • 414 Views • Economic Debates, Economic History, Financial Markets, Government, Health Care, International Trade and Finance, Macroeconomic Measurement, Money and Monetary PolicyNo Comments

    Like me, you might have thought that the US has not yet reached its debt limit. But actually it has. The story is unimaginably complicated. From what I can discern in a Congressional Research Service report, for the last 9 months or so, the Congress created

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    Looking at the Debt Ceiling

    May 16, 11 • 128 Views • Government, HouseholdsNo Comments

    Today, at this moment, we might be hitting the debt ceiling. During the past 11 years, Congress has voted to raise the debt ceiling 10 times. In 2000, the ceiling was approximately $6 trillion; in 2011, it was just above $14 trillion. The whole story is here,