U.S. Debt and GDP: The Longer View
These charts need to explanation, but in case they appear too small to make out the x-axis values, they each begin in April 1966 and proceed through the present day.
I find the miniscule scale of the dip in GDP in 2008 absolutely fascinating, but not for the same reasons that those who operate under the assumption that the crisis is over would latch onto the brevity of the nominal contraction. I am fascinated by the extent to which the GDP numbers post-crisis belie the true breakdown of productive economic activity during that timeframe ... achieved only through the unprecedented injection of trillions in government largesse. Since GDP presently says little about the real underlying state of affairs in our economy, then debt to GDP ... as scary as it presently is, remains vastly understated.