6 ms·
US federal debt in 1948 easily dwarfs the current federal debt as a % of GDP, as a result of war spending Granted ongoing liabilities are a different thing tha
by nerfhammer 12y ago
US federal debt in 1948 easily dwarfs the current federal debt as a % of GDP, as a result of war spending
Granted ongoing liabilities are a different thing than war bonds
- benihana 12y agoIt's like you skimmed the entire comment, saw the thing about debt and then commented on something completely tangential to the point GP was making. The point was how much we spend, the point was the government in 1948 was a completely different beast than it is today. American society was also completely different.