Originally Posted by Enemator

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?