What our deficit to GDP ratio and tell me where it ranks on the scale of historical deficits? Does 2.6% sound about right? BTW, after WW2 the deficit to GDP ratio was 10-15%.No, during WW2 the deficit to GDP ratio was 14-30%.
In 1946 it fell to 7%, and the next decade ran a surplus.
I heard to 10-15% on CNBC so it's no wonder it was sugarcoated.