FYI: Critics of the federal deficit should recognize the imperfect nature of the debt-to-GDP ratio. By a more reasonable measure, our fiscal indebtedness is not high by historical standards.
The measure of the inherent risk of the U.S. federal government's debt most commonly used is the ratio to gross domestic product. It is certainly the one that provokes the greatest concern from financial commentators and scholars. As the data from the St. Louis Fed illustrates, we are living in a country whose debt-to-GDP ratio has been increasing rapidly for four straight decades. From a low of .31-to-1 in 1974 and the early 1980s, the debt-to-GDP has risen to 1.03-to-1.
Regards,
Ted
https://www.advisorperspectives.com/articles/2019/09/24/our-federal-debt-is-not-as-high-as-you-think
