The US reduced debt following World War II and what it would take to do so again
20 points by hhs
by RyanShook
3 subcomments
One overlooked factor that helped the US after WWII is that we were the manufacturing base for most of the world for decades after the end of the war. Over 50% of manufactured goods were made in the US in the decade after WWII.
by jleyank
2 subcomments
They reduced the debt under Clinton. It’s a question of political will not physics. US taxes are low compared to their counterparts and they could choose to raise these taxes for various activities.
by expedition32
0 subcomment
My own country used to care a lot about not spending more then comes in. But when other countries are spending billions on their creditcard this becomes increasingly difficult so we're releasing the floodgates! And you can borrow A LOT with a triple A credit score.
by JohnnyLarue
0 subcomment
The debt is owed to themselves. They printed more money and issued more bonds. It's not a mystery.
by polski-g
0 subcomment
After WW2, we had a lot of young people working. Now we have a lot of old people not working and out-voting the young to take their money to propagate Boomer Luxury Communism.
by beefnugs
2 subcomments
Hate to have to say it... but killing all the people you owe money to. Its not like reputation means anything to this prez
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