US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace

By Wolf Richter –  WOLF STREET

The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that current-dollar GDP, grew faster than the current-dollar debt, so that the burden of the debt on the economy would shrink, and that the astronomical debt-to GDP ratio would decline. But no.