Quote:
Originally Posted by Joe Obenberger
Was anybody taking the national debt into consideration when we decided to declare war against Japan and Germany? When we held the line in Korea? When we stood around the world at Freedom's Frontier during the Cold War? When we started the space program? When we decided to electrify rural America?
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First off...the federal govt. did not "electrify rural america". The electric companies did.
Why do people think the federal govt. was responsible for EVERYTHING. It wasn't. That's a very recent development as we continue to give the govt. control over everything.
As for WW2 and Korea:
"The public debt fell rapidly after the end of World War II, as the US and the rest of the world experienced a post-war economic expansion. Unlike previous wars, the Korean War (1950–53) was largely financed by taxation and did not lead to an increase in the public debt"
Google is your friend. Use it.