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