New Debt Limit

The new Debt Limit is now set at 16,394,000,000,000 trillion dollars.  As of 1/30/12 the total Debt Outstanding is now at 15,252,831,000,000 so we are only about 1.14 Trillion away from the new Debt Ceiling.  My guess is this new limit will be reached before the end of the year with a big fight coming in 2013 as to whether it should be raised again or not.