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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (184082)3/10/2004 2:18:32 PM
From: TimF  Read Replies (3) of 1572678
 
Us National debt is about 70% of GDP now. It was about 128% at the end of WWII and didn't go below current levels until the mid 50s. I couldn't find hard numbers for the Civil War but I think the debt level was even higher then as a % of the GDP then it was after WWII. After the Revolutionary War government debt was also very high but I have no solid figures for it an a lot of it was state debt.

Edit - The federal government assumed the state debt after the Revolutionary war so it was federal debt.

Tim
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