US Financial situation in 1945

Wallet

Banned
In the film "Flags of our Fathers", the flag raisers of the Iwo Jima are sent on a bond drive across the nation. In a scene at the Treasury Department, officials tell the men that the US is broke and won't be able to continue the war unless more bonds are sold.

I am aware that the US took in more debt that at any point in its history during WWII, but the war and post war growth was also the largest ever. But the US did experience a recession after the war as it shifted back to civilian production.

Was the US broke near the end of WWII? How much longer could the war economy last? Would the US ever leave the war over financial issues?

Hopefully @CalBear could enlightened me
 

CalBear

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That line is what is known as "dramatic license". The U.S. was in debt, but it was also the only place on Earth for capital to flee to. Taxes were off the hook, top bracket for Federal Taxes was 94%.

Countries go broke when no one will lend them money. The U.S. was in no danger of that happening.
 

Wallet

Banned
That line is what is known as "dramatic license". The U.S. was in debt, but it was also the only place on Earth for capital to flee to. Taxes were off the hook, top bracket for Federal Taxes was 94%.

Countries go broke when no one will lend them money. The U.S. was in no danger of that happening.
Capital as in all the European gold sent to the US
 
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