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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