Quote:
Originally Posted by p1mpdogg
and why do you think we are broke?
beause of all the leaches out there that take the money.
we were nice enough to bail half the world out, but when times are rough where are these countries we helped out?? oh yea, nowhere to be found.
go figure.
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The United States has had public debt since its inception. Debts incurred during the American Revolutionary War and under the Articles of Confederation led to the first yearly reported value of $75,463,476.52 on January 1, 1791.
The US has only been at a 0 debt for a very short period off time during Adam Jackson's term.
According to Wikipedia that is...
Now why start lending out money when you have had a PERMANENT debt since your country started. Why not pay off your debt?. And why borrow any more to just fill up the other hole?