Interesting chart

Discussion in 'Politics & Religion' started by Ghost of Cutten, Jun 19, 2010.

  1. ehorn

    ehorn

  2. fhl

    fhl

    Some people use this chart to tell us that the current deficits won't matter, because WWII deficits didn't.

    The WWII deficits were one time defense deficits. Today's deficits are structural and not coming back down. They're permanent.

    In addition, europe was bombed out after WWII and that gave the US a huge advantage in manufacturing. Actually, huge advantage is an understatement. There was literally no place else to go. We won't have that advantage this time unless the rest of the world is destroyed in short order.