The history of the national debt goes back to the earliest days of our history as a nation. In fact, the United States has had a national debt virtually every year of its existence as a nation. Not long after the U.S. Constitution was ratified, the national debt was reported as $75 million. This initial debt was incurred during the Revolutionary War and under the Articles of Confederation, which was the nation’s governing document prior to the ratification of the U.S. Constitution. thenationaldebtcrisis/history-of-the-national-debt/ The national debt didn’t start with Obama or Bush, it started with George Washington.
Posted on: Sun, 01 Sep 2013 02:51:10 +0000
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