On August 7, 2024 the national debt reached $35,094,756,345,920.31 ($35 trillion). As the graph shows, it is now on a level not seen since the end of World War II. However, in 1940, just before the U.S. entered the war, the debt stood at about 45% of GDP. In contrast, should the U.S. enter into a war with another major power, it would be doing so already burdened by a debt of 120% of GDP.