“Gentlemen… the National Debt… is paid.”

That sentence has been uttered in Washington DC exactly one time ever, by a Senator announcing that the US government was officially debt free.

That was on January 8, 1835 when the debt that the United States government had accrued since its birth was finally paid off.

Never again would the United States be debt free.

It took 174 years for the debt to rack up to a mind boggling $11 TRILLION in 2009.

And then it took only ten years to balloon ANOTHER $11 trillion.

Today the national debt is larger than the entire economy of the USA, $22 trillion.

It took 147 years to get a trillion dollars into debt. The USA now routinely adds at least $1 trillion in debt every 365 days.

And why exactly are we adding all this debt? These are the good times!…..more here