The US has only been debt-fee for one year of its entire history!

The US has only been debt-fee for one year of its entire history!

We might not celebrate it, but apparently Jan. 8, 1835 was the last time the United States had or came anywhere near a national debt of $0.

On 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.'

That was the one time in U.S. History when the country was debt free. It lasted exactly one year. By 1837, the country would be in panic and headed into a massive depression.

Nowadays it seems we are plenty far away from that happening again.

(Source)

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