Apr 9, 2018 ... The federal budget deficit rises substantially, boosting federal debt to ... That  amount is far greater than the debt in any year since just after World War II. ... The  legislation has significantly reduced revenues and increased .... years remain  near 21 percent of GDP, which is higher than their .... March 30, 2017 ...
Aug 17, 2017 ... Read a primer on the U.S. national debt, the debt limit and interest payments ... 2  The nation's debt is now bigger than its gross domestic product, which ... GDP,  which had not been seen since the end of World War II. ... held more than $2.9  trillion in special non-traded Treasury securities, ... Share this link:.
Jul 6, 2018 ... Federal debt is already at its highest level as a percentage of GDP since 1950 ...  double as a percentage of gross domestic product (GDP) within 30 years — far  exceeding its all-time high, which was reached shortly after World War II. ... in  CBO's analysis, the debt would be even higher than these levels.
The history of the United States public debt started with federal government debt  incurred during the American Revolutionary War by the first U.S treasurer,  Michael Hillegas, after its formation in 1789. The United States has continuously  had a fluctuating public debt since then, ... Public debt as a percentage of GDP  fell rapidly in the post-World War II ...
For 20 years after World War II, defense spending ran at about 10 percent of GDP . Then it began a steady decline. Chart 2.34: US Defense Spending Since WWII.
For more than 30 years after World War II, there was a steady reduction in U.S. debt as a percentage of gross domestic product.