- NEW!
by DudeLer 2 on July 3rd, 2009
we were in the black with that white guy, clinton.
now we are in the red with that black guy, obama.
by sophiesmom on July 3rd, 2009
clinton left office and we were operating in the black.......then the idiot moved in
by Stevopedia on July 3rd, 2009
eh, about 200 years ago.
really every nation in the world is in debt
by EmptyWallet on October 4th, 2009
Well, while many say Clinton had us out, doesn't show the truth. You can move the money about (And debt) and thus by smoke and mirrors, you can show we're either in great shape, or screwed blued and tattooed.
I believe the one poster who said since 1870 is fully correct.
by Ec-nal Licensed Bootie Inspector on July 3rd, 2009
Never. The 2010 Budget proposed by President Barack Obama projects significant debt increases. Even with Fannie Mae and Freddie Mac obligations excluded (don't ask me how they can do that) the debt is projected to nearly double to $20 trillion by 2015, (it is expected to increase to nearly 100% of GDP by 2010). In effect the number we will finally hear will be staggering enough and that's with Obama and gang 'leaving out' the trillions spent on bailouts yo...
Is australia in debt?
by Answerbag Staff on June 30th, 2010
| 1 person likes this
How much of our federal income tax goes to pay national debt?
by Answerbag Staff on June 13th, 2010
| 1 person likes this
When will our country go bankrupt?
by Answerbag Staff on May 7th, 2010
| 1 person likes this
If a nation create money, and public debt is owned by people, then people owe money to themselves?
by Simply Pengu on December 10th, 2011
| 1 person likes this
What is the amount of increase in U.S. national debt in one week as of 2011?
by Tev on September 12th, 2011
| 1 person likes this
You're reading When was the last time the US didn't have a national debt?
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Comments
Thanks DudeLer.
by keithold is a prodigal bagger on July 3rd, 2009
that was witty.
by Jane on July 3rd, 2009
Witty but inaccurate. The U.S. has had public debt constantly since 1870. (Think of the debt as what you owe).
What we had with white boy Clinton was a budget surplus (Think of taking in more than you're spending, giving you the ability to pay down debt). White boy Bush ran at a big budget deficit (think taking in less than you're spending,thereby increasing the debt). But since white boy Bush was spending his money blowing up Arabs, giving tax breaks to the rich and sole-source contracts to Halliburton-a lot of things like education, healthcare and infrastructure didn't get taken care of and the debt went up further. Now black Obama is stuck with a very sick economy and is spending even more money trying to get healthcare, education and infrastructure back up to get people to work. So we have, as we did under Bush, a budget deficit and increased debt. The hope is that spending money on jobs, nurses and bridges will have a better effect on the economy than blowing up camels.
by Possum on July 3rd, 2009