After WW2, most of the debt was caused by massive defense spending. That spending very quickly wound down after the war. We have mostly huge unfunded liabilities now which are only growing bigger every year.
After WW2, most of the debt was caused by massive defense spending. That spending very quickly wound down after the war. We have mostly huge unfunded liabilities now which are only growing bigger every year.
RE: New USAWatchdog Interview: Gregory Mannarino – Deficits and Debt Will Explode Higher.