us national debt ceiling: a historical context
Post on 28-Jul-2015
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e National DebtCeiling: A History
Reagan Arms Buildup:President Reagan ramps up armsrace to bankrupt the USSR
e Great Recession:e Housing Bubble bursts, leadingto the deepest recession in 80 years
World War II & Korea:First substantial increaseto the debt ceiling limit
Vietnam:Increase expenditure at
home & abroad increases debt
e War on Terrorism:Post-9/11expenditure in arms;aftermath of Dot-Com Bubble
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