On the bright side it isn't growing and is down from the pandemic-era 132% of GDP. (Although maybe that was because GDP shrank rather than any change in fundamental debt.)
Are we looking at the same graph?
It appeared to drop from the 2020 highs, yes.
But it's definitely trending upward.
The GDP was a little smaler during Covid. https://fred.stlouisfed.org/series/GDP/