What's government doing? Well, debt still remains a challenge. This is federal debt all in red. We're up $38 trillion. Astounding amount of debt. The line is Debt to GDP peaked out at a little over 120 some odd percent. It's come down. Why did it come down even though we're adding debt? Because we used inflation to inflate away a lot of debt holders. (1:01:20–1:01:27)
CLAIM
Claims that the debt-to-GDP ratio peaked at over 120%.
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