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The United States federal government does not have a debt problem (Altman calcula:ons from Bureau of Economic Analysis data, October 2012) 25% 12 10 20% 8 15% 6 10% 4 5% 2 0% 1982 0 1984 1986 1988 1990 1992 1994 1996 Receipts as share of GDP Ra>o of receipts to interest payments (right‐hand scale) 1998 2000 2002 2004 2006 Interest payments as share of GDP 2008 2010 2012