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The U.K went from a debt to gdp ratio of 225% to a low of 33%.[0] The U.S. went from a debt to gdp ratio of 120% down to 37%.[1] This isn't the first time count
by JamesBarney 11y ago
The U.K went from a debt to gdp ratio of 225% to a low of 33%.[0]
The U.S. went from a debt to gdp ratio of 120% down to 37%.[1]
This isn't the first time countries have had to run large deficits.
[0]http://www.economicshelp.org/blog/11697/debt/post-war-boom/ http://www.economicshelp.org/blog/11697/debt/post-war-boom/
[1]http://dailybail.com/home/chart-us-debt-to-gdp-1940-2015.html http://dailybail.com/home/chart-us-debt-to-gdp-1940-2015.htm...
- jazzyk 11y agoIn the US case, it "only" took 40+ years - and now we are sadly almost back at 100%+
- JamesBarney 11y agoWhich is not quite as long as it's been since the time we had a recession of this magnitude.