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US debt is higher now than during Depression



 
 
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Old March 20th 04, 05:35 PM
WalterM140
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This may or may not be true (I rather think it is false), but nota
bene:

It was not until we took on the much larger debt burden in World War
II that we got out of the Great Depression


Yeah, people don't realize, but the unemployment rate on 12/7/41 was @ 10%.

The war fixed all that.

Even in 1943, FDR's advisors were not worrying how to defeat the Japs and
Nazis.
Those *******s were toast.

The problem was what to do with 8 -10 million servicemen.

Cynical servicemen in that time frame had a saying:

"Golden Gate in '48,
breadline in '49."

Of course later that changed to:

"Home alive in '45."

The economic miracle that the Roosevelt administration provided (GI Bill, VA
loans, etc.) should not be forgotten.

No wonder the guy is on the dime.

Walt
 




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