It absolutely was not in dollar terms. As a % of GDP perhaps, simply because the economy was growing so fast. The government ran an aggregate of $120 billion in

It absolutely was not in dollar terms. As a % of GDP perhaps, simply because the economy was growing so fast. The government ran an aggregate of $120 billion in deficits over those years and only $22.5 billion in surpluses. The Marshal plan was 1948-1953 and the Korean War was 1949-1953.