Originally Posted by Baby Lee
Maybe if the rest of the world were bombed to the stone age again, we could be the sole provisioner of their recovery goods for a nice while.
Our post WWII prosperity wasn't a function of high taxation. It was us being the only industrialized entity around to feed, clothe and equip the world.
Right after WWII there are very large spending cuts in the Federal govt which lead to economic recovery.
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution