Nope - or maybe I guess - but as an input into GDP instead of debt. Non-seasonally adjusted GDP has that same pattern, Q4 is almost always higher than Q1 so the

Nope - or maybe I guess - but as an input into GDP instead of debt. Non-seasonally adjusted GDP has that same pattern, Q4 is almost always higher than Q1 so the version you usually see for GDP is seasonally adjusted (Red is adjusted, blue is the 'raw' GDP figure). https://fred.stlouisfed.org/graph/?g=1b3ZV https://fred.stlouisfed.org/graph/?g=1b3ZV