DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - U.S. Borrowing Tops 100% of GDP

**bypeTeenehalT** · 08-05-2011, 01:32 PM

We've been in worse shape. After WWII, our debt to GDP was 122%. The government had to get involved and created public works projects to put Americans back to work during the Great Depression That brought unemployment down from above 20% to below 5%. Then we began paying down the debt. The debt to GDP steadily declined. Ten years later in 1956 it was down to 66%.

08-05-2011, 01:32 PM	#2
bypeTeenehalT Join Date Oct 2005 Posts 494 Senior Member	We've been in worse shape. After WWII, our debt to GDP was 122%. The government had to get involved and created public works projects to put Americans back to work during the Great Depression That brought unemployment down from above 20% to below 5%. Then we began paying down the debt. The debt to GDP steadily declined. Ten years later in 1956 it was down to 66%.
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