Issuu on Google+

ESTABLISHING A NEW DEBT LIMIT LEVEL 36 Roughly what would the debt limit need to be to get through 2014*? $20,000 Increase of ~$1.1 trillion $18,000 Billions of Dollars $16,000 $14,000 $12,000 $10,000 $8,000 $16.7 Trillion $17.8 Trillion $6,000 $4,000 $2,000 $0 Current Debt Limit Debt Limit to Cover Obligations through December 2014 *The estimates in the chart above assume that sequestration continues to take effect, war spending declines as scheduled, Medicare physician payments are frozen at 2013 levels (the “Doc Fix”), and the “tax extenders” in the American Taxpayer Relief Act of 2012 are extended permanently. Given that the time frame is far in the future, this estimate is subject to significant uncertainty. Source: Congressional Budget Office, Bipartisan Policy Center projections

Debt Limit Analysis

More from this publisher