The UK ran up debt & deficits like they didn’t matter from 1914-45…& it cost them global reserve currency status & their empire…. US debt increases by $109B in 1 day.

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During World War I and World War II, the UK indeed faced significant increases in its national debt. In 1914, the debt stood at £650 million, but by 1919, it had surged to a staggering £7.4 billion. Similarly, during World War II, the government heavily borrowed to finance the war effort against the Axis powers.

https://twitter.com/NorthmanTrader/status/1808138027945832823

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