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To allow comparisons over the years, public debt is often expressed as a ratio to gross domestic product (GDP).

The United States public debt as a percentage of GDP reached its highest level during Harry Truman's first presidential term, during and after World War II.

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Historically, the US public debt as a share of gross domestic product (GDP) has increased during wars and recessions, and subsequently declined.

The ratio of debt to GDP may decrease as a result of a government surplus or due to growth of GDP and inflation.

Public debt rose sharply in the wake of the 2007–2008 financial crisis and the resulting significant tax revenue declines and spending increases.

The national debt can also be classified into marketable or non-marketable securities.

The terms national deficit and national surplus usually refer to the federal government budget balance from year to year, not the cumulative amount of debt.

A deficit year increases the debt, while a surplus year decreases the debt as more money is received than spent.Born on Pacific Northwest trails, Kona mountain bikes are built to explore and expand your idea of what is possible.The national debt of the United States is the public debt carried by the federal government of the United States, which is measured as the face value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.Our Sutra and Rove adventure bikes have pushed what is truly possible for a drop bar machine, riding on “roads” that don’t exist on maps.Innovation has captured our imagination and led us to create an evolved and sophisticated Roadhouse road bike that, until now, only existed in our dreams.Most of the marketable securities are Treasury notes, bills, and bonds held by investors and governments globally.

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