Timeline that will make your hair turn white- US national debt, 233 years

[JB3]

The United States National Debt -- 233 years in the making


this is an interesting timeline that details the national debt from the beginning of the nation, to now. From a fiscal perspective, it tells a chilling story.

the founding fathers had it right-

“But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.” – Thomas Jefferson

“No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.” - George Washington


We as a nation are heading for bankruptcy. Read through the whole thing, its very interesting