Cathie Wood Says America's Debt Problem May Look Worse Than It Is

Cathie Wood thinks traditional debt-to-GDP comparisons can overstate how dire the situation is:
- Government spending ultimately means taxation now, later or through inflation, and Wood agrees current spending is too high
- Debt-to-GDP compares a balance sheet figure with an income flow, while debt-to-equity compares two balance sheet measures
- On a debt-to-equity basis, she says the U.S. is closer to historical lows than highs as economic growth and wealth creation offset some of the pressure