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The last time government red ink posed such a dire threat was during the founding of the republic. America’s long-term national debt now exceeds $14 trillion, a figure that is almost impossible for most people to wrap their minds around. In relative terms, that is roughly equivalent to the nation’s entire economic output last year. …
The post A Short History of Debt appeared first on HistoryNet.
WWII Book Reviews: Atomic ControversyAtomic Tragedy: Henry L. Stimson and the Decision to Use the Bomb Against Japan By Sean L. Malloy. 233 pp. Cornell University Press, 2008. $26.95. Hiroshima: The World’s Bomb By An… Read MoreWWII Book Review: Bill MauldinBill Mauldin: A Life Up Front By Todd DePastino. 320 pp. W. W. Norton, 2008. $27.95. The two most famous American combat soldiers of World War II never existed. To millions of stat… Read MoreWWII Letters from Readers- September 2008The GI with Eight Good Fingers I just received a phone call from a fellow in Lake Park, Georgia, who had an interesting story to tell. It concerns a photo on page 50 of my story ab… Read MoreWWII Book Review: LeningradLeningrad: State of Siege By Michael K. Jones. 352 pp. Basic Books, 2008. $27.95. The first thing that registers when one visits St. Petersburg’s (formerly Leningrad’s) Piskarevsko… Read MoreWhat if: Germany Had Invaded England?For individuals in countries that have escaped military invasion and occupation, imagining what such an ordeal would have been like can be a popular pastime. In the 1970s, armchair… Read More
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