Changes

==Debt to GDP Ratio==

==Debt to GDP Ratio==

Instead of measuring an absolute number, the debt to GDP ratio is the measurement of the national debt as a percentage of the gross domestic product.  It is a measure of the debt in relation to the economy and of our capacity to carry and repay debt.<ref>[http://www.optimist123.com/optimist/2005/01/national_debt_b.html National Debt burden: Full history] 29-Jan-05 </ref>  The US Debt to GDP ''ratio'' is getting larger, as the US economy's debt is growing faster than the GDP.<ref>Steve McGourty [http://www.cedarcomm.com/~stevelm1/usdebt.htm United States National Debt (1938 to Present)]May 6, 2007 </ref>  This has not always been the case.

Instead of measuring an absolute number, the debt to GDP ratio is the measurement of the national debt as a percentage of the gross domestic product.  It is a measure of the debt in relation to the economy and of our capacity to carry and repay debt.<ref>[http://www.optimist123.com/optimist/2005/01/national_debt_b.html National Debt burden: Full history] 29-Jan-05 </ref>  The US Debt to GDP ''ratio'' is getting larger, as the US economy's debt is growing faster than the GDP.<ref>Steve McGourty [http://www.cedarcomm.com/~stevelm1/usdebt.htm United States National Debt (1938 to Present)]May 6, 2007 </ref>  This has not always been the case: During the last 8 presidenial administrations(pre-Obama), the US Debt to GDP ratio was reduced under Johnson, Nixon, Carter, and Clinton; but increased under Ford, Reagan, George H W Bush, and George W Bush.

==Debt Ceiling==

==Debt Ceiling==