Debt-to-GDP Transparency and Stabilization Act

The national debt is now larger than the entire U.S. economy, but you wouldn't necessarily know that from reading the federal budget. This bill requires both the President's annual budget proposal and Congress's own budget resolutions to include the ratio of public debt to GDP and the ratio of the surplus or deficit to GDP. It doesn't set any spending limits or debt targets — it simply forces the numbers into the open so lawmakers and the public can see exactly how the country's borrowing stacks up against its economic output.