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Politics : Mainstream Politics and Economics

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To: Wharf Rat who wrote (37272)	1/8/2013 12:10:00 AM
From: Sdgla	2 Recommendations Read Replies (1) of 85487

Looks to me like 81 was a walk in the park... Maybe you should take a walk .. Take a look around with both eyes. US Federal Debt since the Founding Click chart for briefing on Federal Debt. For numbers from 1792-2016 click here. The United States federal government began with a substantial debt, the cost of the Revolutionary War. Under Alexander Hamilton’s funding system the debt was paid off by 1840. Government debt has typically peaked after wars. It breached 30 percent of GDP after the Revolutionary War, the Civil War, and World War I. It breached 100 percent of GDP in World War II. Government debt also breached 100 percent of GDP in the aftermath of the financial crisis of 2008.

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