3 ms·
The 2020 number should probably be considered an outlier, since the dramatic drop in GDP in 2020 due to the pandemic increases the ratio. Now that GDP is recov
by _justinfunk 4y ago
The 2020 number should probably be considered an outlier, since the dramatic drop in GDP in 2020 due to the pandemic increases the ratio.
Now that GDP is recovering, we are falling back onto the trend line towards higher and higher Debt/GDP.
- bena 4y agoThe 2008 number is misleading as well since some of the cost of the Iraq War wasn't considered part of the national debt for some reason. When Obama took office, a lot of the gimmicks to make the bad numbers look smaller were ended. So a lot of ignored dollars stopped being ignored even though, in reality, nothing really changed.