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To: McCarthysGhost
This is not 1945 America. It is deeply in debt and starting to experience uncontrollable inflation.

LOL! The US was not in debt at the conclusion of WWII in 1945? That's a claim! :-)

43 posted on 09/13/2023 8:12:32 AM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker
Due to wartime spending, our debt to GNP ratio was quite high in 1945. Offsetting that was the fact that we had the greatest industrial base in the world, while much of Europe’s and Japan's base was devastated. We ran huge trade surpluses into the 1960s, and the ratio declined due to the rest of the world buying our output
47 posted on 09/13/2023 8:20:58 AM PDT by Wallace T.
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To: Alter Kaker

Very predictable response. We are 30+ trillion in debt and 100 trillion in unfunded liabilities. We wish we had post WWII debt. We climbed out of that pretty easily.

We are also becoming a third world totalitarian country. That will severely limit our ability to deal with our financial and societal problems.


48 posted on 09/13/2023 8:23:23 AM PDT by McCarthysGhost (q)
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