8/4/2011 - Debt ceiling will have to be raised again on September 29

Well after the months of theaters from the actors in Washington DC ending in the obvious and predicted conclusion, we will see the second act of that farce within 60 days. Get your popcorn early. 

Debt for fiscal year starting October 1 2010 till August 2 2011 : 921.48 billion or 3.02 billion/day 
Debt for calendar year 2011 : 534.4 billion. 2.49 billion/day 
Current debt : 14.532 trillion 
Current debt ceiling : 14.694 trillion 

At the current average rate of 2.75 billion in new debt/day (or about 8.87$ in new debt per day for every citizen in America...and that is just federal) it will take about 58 days before reaching the debt ceiling yet again, aka September 29. 

All the data from the US government here for current debt and debt ceiling and here for daily debt. 

Also, US debt has grown by a nice 240 billion overnight and the US debt to GDP ratio has hit a post-ww2 high of 97.2%. 

And that is just the debt ceiling issue. The US government have to pass the 2011 GOVERNMENT FUNDING BUDGET before October 1 (different from a budget) or else the federal government will shutdown and hundreds of thousands of federal employees will get furloughed.