The raw debt (yellow portion) is less important than the debt to gdp ratio (black line). That’s the equivalent to the debt-to-earnings ratio in a normal budget.
The ratio increased dramatically right after the 08 crash, then leveled out in 12. It increased dramatically from 16-20, dropping after.
February 14, 2025 at 6:48 AM
The raw debt (yellow portion) is less important than the debt to gdp ratio (black line). That’s the equivalent to the debt-to-earnings ratio in a normal budget.
The ratio increased dramatically right after the 08 crash, then leveled out in 12. It increased dramatically from 16-20, dropping after.