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Why care about January 8, 1835?



January 11, 2010 – Comments (4)

Because it was the last date our government had a zero debt balance. One hundred seventy five years later...not so much. Food for thought. Talk amongst yourselves. :)


4 Comments – Post Your Own

#1) On January 11, 2010 at 3:56 PM, miteycasey (29.02) wrote:

Blah....That number is gross debt, the first time in history the federal government borrowed money. Not a big deal

Net debt would have been a more interesting number. I know we loaned boat loads to Europe after WW2.

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#2) On January 11, 2010 at 8:56 PM, ChrisGraley (28.63) wrote:

That percentage of GDP chart is amazing!

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#3) On January 11, 2010 at 9:04 PM, catoismymotor (< 20) wrote:

I am trusting this is true. It is Wikipedia and could be filled with inaccuracies.

So far we have one *Blah* and one *Amazing*. So far so good. :)

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#4) On January 15, 2010 at 12:38 AM, Muddywataz (< 20) wrote:

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