Bessent claims the Biden administration had the highest peacetime, non-recession deficit-to-GDP ratio in history.
“The Biden administration had the highest deficit to GDP in history when we weren't at war or weren't in a recession.”
post Bessent says Biden had highest peacetime deficit-to-GDP in history, Trump brought it down over one percent in 2025
https://x.com/SecScottBessent/status/2090518102777659477