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1. Jackson Pays Off Debt, 2. Severe Depression, 3. Ten Fold Increase in National Debt

Posted on | January 23, 2009 | 3 Comments

Be careful what you wish for!  Andrew Jackson was the only president in our history to eliminate the national debt while in office.  In turn, this caused a severe depression from 1837 to 1844, then a subsequent ten fold increase in the national debt.  Maybe we shouldn’t beg for the national debt to be elimated….just reduced.

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3 Responses to “1. Jackson Pays Off Debt, 2. Severe Depression, 3. Ten Fold Increase in National Debt”

  1. » Subprime Blogger » 1. Jackson Pays Off Debt, 2. Severe Depression … » Subprime Mortgage Refinance
    January 23rd, 2009 @ 10:47 pm

    [...] news by unknown « Bad Credit Mortgage Loans Guide » Blog Archive » Testimony on [...]

  2. Veerite
    January 24th, 2009 @ 2:46 pm

    I agree. I don’t think paying the national debt completely off is necessary. Some debt is ok especially if the economy is growing. The amount of debt now and the complete disregard to trying to pay it down concerns me. Enough money has been spent in bailouts. Obama’s so-called stimulus plan is a pork barrel bill that won’t stimulate much of any of the economy, but it will double the national debt in one fell swoop.

  3. Rita Goldman
    January 24th, 2009 @ 3:35 pm

    There is a lot of information out there on subprime mortgages and it’s hard to keep everything together. I bought my house through Taylor Morrison and it seems like I have a new question for them every day, but they have a dedicated staff of financial advisors and they answer all of my questions. I really recommend them, and when you request information from their website (http://dreambig.taylormorrison.com/?utm_source=bc) you’ll be entered in to a contest to win a dream vacation. I’m a first time home buyer and I’ve been in my house since the start of 2009 and I’m still learning!

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