 And we were able to grow our way out of that, but only because Harry Truman cut the federal budget from $85 billion down to $30 billion in a single year. He abolished the excess profits tax, he slashed federal income tax rates, and he fired 10 million federal employees. Now, that was called war demobilization. It's a lot easier to do that when those 10 million employees want to go home than when they're working at home and collecting a paycheck.