[SunkenCiv]

Thanks MHGinTN.

It's worth remembering that in 1801, when Jefferson became president, the US national debt was around $100 million, about 10 times annual federal revenues. This was literally "the cost of freedom," and would correspond today to a national debt around $30 trillion. Since our actual national debt is $13+ trillion, the government is in better financial shape today than it was in Jefferson's time. And at the time, Jefferson's number one priority was paying down the national debt. So, how did he do it? How does ANY wise government ever increase its revenues? Yes, that's right! JEFFERSON REDUCED GOVERNMENT SPENDING AND CUT TAXES.-- BroJoeK

[Danae]

Exactly. It is the only way to get anyone or any entity out of debt.

Anything else only ever makes the problem WORSE, not better.

[zeugma]

Q. Do you know when the national debt of the U.S. was at its lowest?

 

 

 

 

 

 

 

 

A.  1835 when the national debt stood at $33,733.05

For the entire annual history of the national debt, click HERE