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governmentOn Jan. 8, 1835, all the big political names in Washington gathered to celebrate what President Andrew Jackson had just accomplished. A senator rose to make the big announcement: “Gentlemen … the national debt … is PAID.”

After the revolution, the founding fathers debated whether or not to just wipe clean all those financial promises made during the war.

This was debt owed in large part to hardworking Americans. Our representative government found defaulting on its citizens unacceptable, so the U.S. agreed early on to consolidate the debts of all the states — $75 million. Six years later they had paid all our debts in full, and the government actually ran a surplus.

Slowly over the years, the United States government steadily amassed debt, deceptively slowly. We knew there would be debt in times of war, but it was never out of hand. However in the past three decades the rate of acceleration of debt has been alarming.

It began for the most part during the Reagan Era.

Reagan inherited the mess that Jimmy Carter created. Reaganomics—Reagan’s policy was…

Read full article at PJ Media

 

 

 
 
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  • Bighoss

    I have signed the Cruz petition several times , using outrageously, egregiously false names.

    Cruz would have you believe he is raising money for the dedicated purpose of opposing Obamacare. That money you send in response to his TV solicitations goes into Ted’s campaign fund, a fact not realized by the sheeple who send him their money. Sure, he uses some of it in his personal war against Obamacare, but I suspect the majority of that loot will be left over after the Congress finishes with whatever it decides to do and Ted will use it to get re-elected–or to TRY to get re-elected, Surely Texas can come up with someone better than this fanatic!

    • CO2isGood

      You use false names to sign this petition and call Cruz a fanatic?
      Surely Texas can’t come up with someone whackier than you!

      • Bighoss

        I use false names to sign a petition that misleads those invited to sign it into believing it is something that it is not. have no regrets about that. A phony petition deserves phony signatures.

        • dad666

          So does a Phony Government, especially the President.

  • Colin Rafferty

    Clinton was paying down the debt. He left office with the largest budget surplus in history. Bush spent it like a drunken sailor. Obama came into office with the country spiraling into a depression, and we’re finally digging ourselves out.

    • Steve Randolph

      Sorry to disagree but Bush didn’t spend it. The Democrat controlled HOUSE and SENATE spend the money and continue to spend it. And we are not digging out of the recession/depression, whatever you want to call it. Obamacare alone will ADD $1 TRILLION to the debt EVERY YEAR. The govt is out of control and totally corrupt. The members of Congress do nothing that doesn’t pad their own bank accounts. They are all corrupt and are tearing this country apart for their own limited benefit.

  • Jeff Noncent

    the Government should shut down and the president should go

  • Washington76

    The Shutdown overreach: More personnel sent to WWII memorial than Benghazi; Park Service closes park it doesn’t run BY PAUL BEDARD OCTOBER 2, 2013

    http://washingtonexaminer.com/shutdown-overreach-more-guards-at-wwii-memorial-than-benghazi-park-service-closes-park-it-doesnt-run/article/2536710