It’s also important to take GDP growth into account as debt to GDP ratio is looked at as a very important number.
But then, Japan is at 230 percent and still afloat.
I hate using GDP as a reliable metric. About 1/3 of GDP is government spending.
That'd be like me saying, "My spending on my hot rods and boats ain't so bad relative to how much I put on credit."
Or maybe not. The U.S. economy has improved in recent years but our GDP is growing at an anemic 2%-3% annual rate. However, the most recent GDP figures indicated that the single biggest line item among all the industry sectors has been a ridiculous growth rate in excess of 15% in the "Government, Non-Defense" sector.
In other words ... without massive piles of government spending, our GDP would probably be shrinking.