Measured as a portion of the U.S. economy, is the national debt currently higher than at any time of the past half century?
The national debt is currently 104% of the U.S. economy, which is higher than at any time in the past half century. It is also higher than at any time in U.S. history except for 3 years near the end of World War II. The World War II debt was a temporary spike that quickly fell after the war. In contrast, the Congressional Budget Office projects that under current federal policies, the national debt will continue rising and permanently eclipse the peak debt of World War II.