The Debt to GDP Ratio Is Low

We went into these crises from an incredibly strong position. We just paid off all of the debt. The Brits didn't. The Americans didn't. And even to the COVID spending you were talking about, in a sense, that was done on the shoulders of work. I got ours to zero. So we're at total federal and state 60, federal, but 40. But next time we'll come out at 100.