Balanced budget amendment
Deficit Spending
Columns: End of Fiscal Year | Gross Debt in $Billions undeflated Treas. | as % of GDP Low-High | Debt Held By Public ($Billions) | as % of GDP (Treas/MW, OMB or OMB/MW) | GDP $Billions OMB/BEA est.=MW.com
1910 | 2.653 | 8.0 | 2.653 | 8 | est. 32.8 | 1920 | 25.95 | 29.2 | 25.95 | 29.2 | est. 88.6 | 1927 | 18.51 | 19.2 | 18.51 | 19.2 | est. 96.5 | 1930 | 16.19 | 16.6 | 16.19 | 16.6 | est. 97.4 | 1940 | 42.97 | 44.4-52.4 | 42.97 | 42.1 | 96.8/ | 1950 | 257.3 | 91.2-94.2 | 219 | 80.2 | 273.1/281.7 | 1960 | 286.3 | 54.6-56.0 | 236.8 | 45.6 | 518.9/523.9 | 1970 | 370.9 | 36.2-37.6 | 283.2 | 28 | 1,013/1,026 | 1980 | 907.7 | 33.4 | 711.9 | 26.1 | 2,724 | 1990 | 3233 | 56.0-56.4 | 2412 | 42.1 | 5,735 | 2000 | 5674 | 57.4-57.8 | 3410 | 34.7 | 9,821 | 2001 | 5807 | 56.4-56.8 | 3320 | 32.5 | 10,225 | 2002 | 6228 | 58.8-59.0 | 3540 | 33.6 | 10,544 | 2003 | 6783 | 61.6-61.8 | 3913 | 35.6 | 10,980 | 2004 | 7379 | 63.0-63.2 | 4296 | 36.8 | 11,686 | 2005 | 7933 | 63.6-63.8 | 4592 | 36.9 | 12,446 | 2006 | 8507 | 63.8-64.2 | 4829 | 36.5 | 13,255 | 2007 | 9008 | 64.4-64.8 | 5035 | 36.2 | 13,896 | 2008 | 10025 | 69.2-69.6 | 5803 | 40.2 | 14,439/14,394 | 2009 | 11910 | 83.4-84.4 | 7552 | 53.6 | 14,237/14,098 | 2010 | 13562 | 93.4 | 9023 | 62.2 | /14,512