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Peacetime Deficits at Wartime Scale

6%+ deficits with low unemployment - unprecedented outside wars and recessions.

Peacetime Deficits at Wartime Scale
Source: U.S. OMB (FRED) · FYFSGDA188SData through FY 2025 · Updated Jul 14, 2026

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Chixan (2026). Peacetime Deficits at Wartime Scale. U.S. OMB (FRED). https://chixan.com/charts/gdp/us_deficit_gdp/

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