From uncle BEN's Before the Committee on the Budget, U.S. House of Representatives, Washington, D.C. June 3, 2009 : As a consequence of this elevated level of borrowing, the ratio of federal debt held by the public to nominal GDP is likely to move up from about 40 percent before the onset of the financial crisis to about 70 percent in 2011. These developments would leave the debt-to-GDP ratio at its highest level since the early 1950s, the years following the massive debt buildup during World War II. http://www.federalreserve.gov/newsevents/testimony/bernanke20090603a.htm Who in his right mind believes that US debt / nominal GDP ratio is between 40-70 % as Bernanke indicates ? When will Moodys, S&P, Fitch downgrade US rating ???