From the same article:
Quote:
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The biggest deficits by far -- measured as a percentage of the economy -- came during World War II. In 1943 the deficit was $54.3 billion -- which today would amount to little more than rounding error. But back then it amounted to more than 30% of the wartime economy. Nothing since the war years has come close.
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World War 2 huh, hmmm, off the top of my head I'd say the presidents during that era were Roosevelt and Truman, both democrats.