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News Link • Government Debt & Financing

America's Next "Debt Ceiling": At Least $17.8 Trillion

• zerohedge.com
 The next question: what will be the new and improved debt ceiling, since $16.7 trillion in total debt was hit back in May? According to the Bipartisan Policy Center, the minimum required permitted debt at December 2014 will be an increase of $1.1 trillion, or $17.8 trillion in total, or about 105% of GDP assuming current growth rates and assuming no more upward revisions to GDP which magically add $600 billion out of thin air the total number.
 
However, while the final number may end up being more or less, the more relevant implication is that the monthly net debt growth of just under $60 billion, of which less than half be accounted for by the longer, QE-affected end, shows just how urgent the impetus is on the Fed to reduce its monthly monetization amount.

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