"Robert D. Reischauer, president of the Urban Institute and former director of the nonpartisan Congressional Budget Office, said that the debt accumulated by 1946 'was for a very different purpose, which was to preserve freedom and democracy versus totalitarianism rather than to throw a huge party and put it on the credit card.'"
Federal, state and local debt hits post-WWII levels
Monday, February 21, 2011
Big Debt
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