National Journal put together a cool graphic a few months ago, illustrating the history of debt ceiling increases. It's not a new thing in Washington. Congress has raised the debt limit 10 times in the past 10 years. What is new, as Lawrence brought up again in last night's rolling coverage, is the fierce debate to raise it.
Brief history of debt ceiling increases
National Journal put together a cool graphic a few months ago, illustrating the history of debt ceiling increases. It's not a new thing in Washington.