The burdensome National Debt in perspective: The costs of paying for World War II pushed the national debt up sharply, from around 40% of GDP before the war to a peak of nearly 110% as the war ended. But a combination of strong economic growth, tight fiscal policies, and financial repression brought the debt back below 50% of GDP by the late 1950s. (Currently our government debt has reached about 90% of GDP and continues climbing very sharply.)
Posted on: Sun, 21 Jul 2013 17:06:58 +0000
Trending Topics
Recently Viewed Topics
© 2015