1997 96.6 1998 94.5 -2.1 1999 94.0 -0.5 2000 103.4 +9.4 2001 103.7 +0.3 2002 101.7 -2.0 2003 97.4 -4.3 2004 98.6 +1.2 2005 100.0 +1.4 2006 97.1 -2.9 2007 95.6 -1.5 2008 99.2 +3.6
So, the numbers are funky.
I really will give up on this. I think what happens is as warren Buffet said, "When the tied goes out, we see who is swimming naked." 100% debt to GDP is ok when your economy is growing. When times get tough, it's a scandal.
