America, one of the greatest economies in the world, used to have a day, that it had no debt and it was 178 years ago.
That day was January the 8th in 1835 and Andrew Jackson was the President at that time. A senator rose to make the big announcement: ‘Gentlemen … the national debt … is PAID.’
That was the only time that the United States were free of debt and it lasted only one year.
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