Did the US borrow money from other nations to finance Defense spending in WWII? If so from what nations?
I know there was war bond drives to get support by civilians. There was a movie, ( I know dubious source ), no too long ago that said something like “We are going to run out of money to finance this war if we don’t sell more war bonds”.
(Flags of Our fathers?)
I am inquiring because of this quote from a blog:
“The difference is that we’ve already spent more than we spent on WWII, on nothing - on keeping the ride going around one more time. We’ve already borrowed nearly as much as a percentage of GDP as we did in WWII - the difference is that we’re borrowing not from allies that need us desperately, in a position of strength,…” (http://sharonastyk.com/
I can not think of what country would of loaned money to the US in the 1940’s.