Avorysuds
Gold Member
40% of the money the federal government is spending is borrowed. If that's not the definition of broke then I don't know what is.
You don't know what is.
The U.S. debt/spending ratio was a good deal higher in 1945 than it is now, and the country was hardly "broke" then.
Oddly they cut taxes and cut spending to get us out of the Depression that massive spending and mass taxes couldn't "fix".