Tag: US is bankrupt

Debt-free America Jan 8, 1835 v Debts Galore Nov 21, 2011

Under the anti-central bank policy of President Andrew Jackson, America paid off the national debt and was considered debt-free in January 1835.Some sources use ‘January 1’ and some ‘January 8’ 1835 as the one day our nation was free of debt; however, some loans were outstanding but could have been paid if called for. Other sources say that America’s debt freedom period lasted longer than just