Dear Friends,

I am sending this short series of charts to detail in picture form a picture of the US Federal Government total indebtedness in comparison to nominal GDP (Gross Domestic Product). The last chart is a ratio of the two overlaying total GDP against total government debt.

I think it is interesting to note the decline in the ratio which is occurring even as the government goes madly and hopelessly into further debt. Keynesians should take note.

Click charts to enlarge in PDF format