American Recovery & Reinvestment Act programs. USA Inc. | Income Statement Drilldown 145 Debt Level: Highest (as % of GDP) Since World War II and Rising Rapidly USA Federal Debt Held by the Public’ as % of GDP, 1940 — 2010 < World War Il 80% ----| 60% ~~ Public Debt As % of GDP 40% 20% 0% 1940 1946 1