1979 - 1986
US Debt 1940-1960 1960-1971 1971-1979 This Page 1986-1997

DATE STATUS DEBT CEILING
April 1979:  The "temporary" ceiling is now bigger than the "permanent" ceiling
September 29, 1979"Temporary"$US 879,000,000,000
January 21, 1980:   Gold hits $US 871 per ounce (intra-day)
June 28, 1980"Temporary"$US 925,000,000,000
December 19, 1980"Temporary"$US 935,000,000,000
February 7, 1981"Temporary"$US 985,000,000,000
September 30, 1981"Temporary"$US 1,079,000,000,000
June 28, 1982"Temporary"$US 1,143,000,000,000
September 30, 1982"Temporary"$US 1,290,200,000,000
End 1982:   What the hell! Distinction between "temporary" and "permanent" ceiling eliminated.
May 26, 1983Permanent$US 1,389,000,000,000
November 21, 1983Permanent$US 1,490,000,000,000
May, 25, 1984Permanent$US 1,520,000,000,000
July 6, 1984Permanent$US 1,573,000,000,000
October 13, 1984Permanent$US 1,823,000,000,000
March 1985:   U.S. Dollar "tops out". U.S. becomes net EXTERNAL debtor.
November 14, 1985"Temporary"$US 1,903,800,000,000
December 12, 1985Permanent$US 2,078,700,000,000
August 21, 1986Permanent$US 2,111,000,000,000
October 21, 1986"Temporary"$US 2,300,000,000,000

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