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Public Debt as Share of GDP Is Below Historical Average |
The current debt burden from publicly held debt is almost 8 percentage points below the historical average of 45.4 percent of gross domestic product, given today’s deficits. Future deficits driven by entitlements will push this debt to staggering levels. |
Debt Held by the Public as a Percentage of GDP, 1940–2008 |
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Source: Federal Debt Data from FY 2009 Historical Tables, Budget of the United States Government, Table 7.1. |
