From the article:
From the OMB:
Look at the caption on the article's graphic (top). It says, "Total domestic public and private debt as a share of the economy has declined for 12 quarters in a row after surging over the previous decade. "
The only thing that explains matters is that private debt is shrinking rapidly.
I know it was an old article. A friend of mine put it on FB.
My best reply was F R input.