The cause of current US deficits and debt

posted by
July 18, 2011
Future of Freedom Foundation
by Laurence M. Vance  
Posted in Commentary

"Except for a brief period of time in 1835 under President Andrew Jackson, the United States has been in debt since the founding of the Republic. The first reported national debt in 1791 was over $75 million. Congress now spends more than that every ten minutes." (07/18/11)

http://www.fff.org/comment/com1107m.asp  

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