At the end of 1945, the federal debt stood at $258 billion, compared to a GDP of $228 billion, a ratio of 113%. For perspective, today (November 2024), our debt-to-GDP ratio stands even higher at 123% ($35.7 trillion debt compared to $29.0 trillion GDP). Let that sink in. Right now, in peacetime, we have a higher debt-to-GDP ratio than we had in the immediate aftermath of World War II.

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