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To: Georgia Girl 2

There was a huge recession at the end of WW2. The economy contracted by 17%. However, the private sector began to rebuild as millions of servicemen moved into the workforce. We helped our European allies rebuild with Marshall Plan. We had 3 budget surpluses in 1947, 1948 and 1949. After that, the economy grew faster than the national debt. By 1970 the national debt was only 37% of GDP. We can so the same thing again that we did in the past. Grow the economy and keep spending low levels.


33 posted on 05/30/2012 2:50:32 PM PDT by moonshot925
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To: moonshot925

Just in case I’m right buy some food to put away. You will remember me well for the advice.


34 posted on 05/30/2012 8:27:26 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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