Recent US Debt To GDP Ratio
As you can see from this chart, the ratio of debt to GDP declined in the Johnson administration, continuing through Nixon/Ford and Carter. Then the ratio skyrockets from 1981 through 1992 (Reagan, Bush I) begins to level off in 1993 and declines sharply during the Clinton administration. Skyrockets again under Bush II, who ran the economy into the ditch. Subsequent increase in debt is what automatically happens with high unemployment and economic collapse. To get out of the ditch, we need to expand employment.
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