| DATE |
STATUS |
DEBT CEILING |
|
March 17, 1971: The "Permanent" debt ceiling is fixed at $400 Billion. That "permanent" ceiling doesn't move for eleven years. The "temporary" one does.
August 15, 1971: The "Fiat Currency" era begins as President Nixon closes the "Gold Window". For the first time since the redemption of the "Greenbacks" in 1879 - the U.S. Dollar has NO Gold backing. For the first time since 700 BC - NO currency has any connection to Gold. |
| March 15, 1972 | "Temporary" | $US 450,000,000,000 |
| October 27, 1972 | "Temporary" | $US 465,000,000,000 |
| June 30, 1974 | "Temporary" | $US 495,000,000,000 |
| February 19, 1975 | "Temporary" | $US 577,000,000,000 |
| November 14, 1975 | "Temporary" | $US 595,000,000,000 |
| March 15, 1976 | "Temporary" | $US 627,000,000,000 |
| June 30, 1976 | "Temporary" | $US 636,000,000,000 |
| September 30, 1976 | "Temporary" | $US 682,000,000,000 |
| April 1, 1977 | "Temporary" | $US 700,000,000,000 |
| October 1, 1977: The "limit" is due to revert to $400 Billion! |
| October 4, 1977 | "VERY Temporary" | $US 752,000,000,000 |
| August 3, 1978 | "Temporary" | $US 798,000,000,000 |
| April 1, 1979:The "limit" to again due to revert to $400 Billion! |
| April 2, 1979 | "VERY Temporary" | $US 830,000,000,000 |
