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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.
Over the past 20 years, the CBO has produced 175 start-of-the-year projections of future debt levels. When projecting less than a year into the future, the CBO gets its debt estimates about right. But when projecting more than one year into the future, the CBO almost always underestimates the future debt.