General Interest

Federal, state, and local debt hits post-WWII levels


But any similarity between 1946 and now ends there. The U.S. debt levels tumbled in the years after World War II, but today they are still climbing and even deep cuts in spending won’t completely change that for several years.  Today the U.S. economy is in a polar opposite condition. The labor force is aging, U.S. manufacturing  lags behind Asian and European rivals, households are in hock up to their eyeballs, and consumer appetite for goods is tepid.  Read more interesting commentary at:  WashingtonPost.com

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