I find this graph incredible. In the early 1970s, when the US economy seemed so troubled (the “rust belt”, inflation, etc.) our debt-to-GDP was only about 20%. Very, very healthy! Now we’re into the triple digits, and there is NO going back. The government is so grotesquely gargantuan, the welfare state so entrenched, and the commitment of the government to NEVER let the stock market go down EVER, that we’re just headed for absolute and irreversible ruin. Have a nice day.
