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Basically the US now is approching WW2 level debt. Just outside of a war. Without all the growth. Without all the other destroyed countries in desprate need of
by panick21_ 2y ago
Basically the US now is approching WW2 level debt. Just outside of a war. Without all the growth. Without all the other destroyed countries in desprate need of rebuilding. Without the young population. With massive unfunded liabilities in its social programs. With massive amounts of crumbling infrastructure.
Basically after WW2, as soon as the war was over debt started dropping. Before the great societ stuff, the US didnt have so many future liabilities. Debt was dropping during Korean War.