$16.394 trillion US debt ceiling projected to be breached on September 14th 2012.

Do you have fond memories of the debt Ceiling political shenanigans of July 2011.

Yes the political impasse that nearly caused the mighty US government to down tools.

The tit for tat accusations followed long negotiations between President Obama and House of Representatives Speaker, John Boehner.

The painful process finally completed when the Budget Control Act was passed on August  2nd 2011.

Well prepare yourself because the current debt ceiling of $16.394 trillion  is calculated to be breached on September 14th 2012.  More  info can be found here!

No doubt this time the election campaign will be one of the dirtiest ever with this background!

For more insightful information go to RasmussenReports.