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Since March 1962, the debt ceiling has been raised 74 times, according to the Congressional Research Service. Ten of those times have occurred since 2001. Expect more of the same over the next decade.
Reagan raised the debt by more than $1.8 trillion in his two terms in office, going from about $935 billion to about $2.8 trillion. And Bush raised the debt limit by more than $5.3 trillion, going from about $5.95 trillion to $11.315 trillion.