Reply #14: Considering 1955 national debt to be tolerable... [View All]

[lumberjack_jeff]

presumes that we should consider it a normal state of affairs to be paying for the equivalent of a depression and WWII in perpetuity.

The debt we incurred in the '40's and paid off during the 50's, 60's and 70's was supposed to be an anomaly.

Trivia: Reagan ran for office on the scary threat of a $900 billion national debt. It is now 10x that, and that is a real problem if for no other reason than our government does not have adequate faith and credit to manage future crises of any magnitude.