True, but in 1945 the US got in exchange for all that debt: winning WW2 and creating of a democratic world order which incidentally laid the conditions for growth that made paying down that debt easy.
What are current and future US taxpayers getting for the current debt binge?
In 1945 we had the same debt to GDP ratio (which is a useless metric BTW).
Here's the same scary deficit chart from back then.
The richest country in human history was not bankrupt then and isn't bankrupt now. 🤷♂️🤷♂️🤷♂️
