Happy 175th Anniversary, National Debt!
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Author Topic: Happy 175th Anniversary, National Debt!  (Read 910 times)
Joe Republic
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« on: January 08, 2010, 09:06:42 AM »
« edited: January 08, 2010, 09:09:22 AM by Joe Republic »
Today marks 175 years since January 8th 1835; the only day in its entire history that the United States had zero national debt.

175 years later, the national debt is currently estimated at nearly $14.5 trillion, which equates to about 98% of our GDP.
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Grumpier Than Uncle Joe
GM3PRP
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« Reply #1 on: January 08, 2010, 09:08:49 AM »
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k-onmmunist
Winston Disraeli
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« Reply #2 on: January 08, 2010, 06:43:41 PM »
Kinda depressing eh?
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Lief 🗽
Lief
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« Reply #3 on: January 08, 2010, 07:01:49 PM »
Not really. Some amount of debt is normal for a modern country, and we've had a national debt from during the revolution until today, with the only pause being the date that Joe created this thread to celebrate.
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k-onmmunist
Winston Disraeli
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« Reply #4 on: January 08, 2010, 07:03:11 PM »
Quote from: Lief on January 08, 2010, 07:01:49 PM
Not really. Some amount of debt is normal for a modern country, and we've had a national debt from during the revolution until today, with the only pause being the date that Joe created this thread to celebrate.

Indeed. Britain has had a national debt since the Middle Ages. With no pauses.
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Psychic Octopus
Junior Chimp
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« Reply #5 on: January 08, 2010, 07:18:04 PM »
Happy Birthday, National Debt! It's hard to believe that you have become such a big boy!
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Bo
Rochambeau
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« Reply #6 on: January 08, 2010, 08:44:35 PM »
Hopefully the national debt will die before its 300th birthday.
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Franzl
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« Reply #7 on: January 12, 2010, 09:35:46 AM »
Quote from: Napoleon IV on January 08, 2010, 08:44:35 PM
Hopefully the national debt will die before its 300th birthday.

Never will happen, nor should it really.
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Vepres
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« Reply #8 on: January 12, 2010, 01:37:12 PM »
Quote from: Joe Republic on January 08, 2010, 09:06:42 AM
Today marks 175 years since January 8th 1835; the only day in its entire history that the United States had zero national debt.

175 years later, the national debt is currently estimated at nearly $14.5 trillion, which equates to about 98% of our GDP.

They grow up so fast Cry
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