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CONGRESS OF THE UNITED STATESCONGRESSIONAL BUDGET OFFICE
The Long-Term Budget Outlook
JUNE 2009
World War IThe GreatDepressionWorld War II
19001960197519902005
Federal Debt Held by the PublicUnder CBO’s Two Budget Scenarios
19151930194505010015020020202035
ActualProjected
Percentage of Gross Domestic Product
Pub. No. 3216
The Congress of the United States
O
Congressional Budget Office
CBO
The Long-Term Budget Outlook
June 2009
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