debt to GDP and G to tax data Because there is a lot of misinformation about taxes and debt and GDP, I added this post. The figure shows two plots one with a scale in years and the other non-dimensional. Blue dots show (debt/GDP) in years and the red rectangles show( government spending/tax receipts). In the war years both debts and government spending had peaks, 2.5 yr debt and 3.3 for spending/tax. After 1949 government spending is near tax income but generally somewhat more. Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and Budget.