U.S. policymakers have increasingly utilized debt to fund various spending initiatives without a thought as to the consequences (reminiscent of the last days of the Roman Empire). U.S. reserve currency status and endless monetary expansion have supported this debt addiction. At this rate U.S. reserve currency status is in jeopardy.
The chart below depicts total Federal Debt as a percentage of GDP as measured quarterly from Q1 1966 through Q2 2020. The ratio peaked in Q2 2020 with Federal Debt at 136% of GDP. Reach us at firstname.lastname@example.org to request the Excel data behind the chart.