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Trivia Question: Who was the ONLY President to ever pay off the National Debt, and leave office with a surplus in the treasury?

boomer 2009/03/02 17:45:06
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There's a lie going around that this happened recently. I'm asking this question in Trivia format, because I would these people spreading this lie to take some time and do some research for once. Was it:
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  • SJ 2012/10/04 19:54:37 (edited)
    Andrew Jackson
    SJ
    So most of the confusion here seems to be that people think a budget surplus is the same as having no debt. The answer is absolutely Jackson, quite surprising he's only second in the votes. Let me explain:



    Clinton did have a budget surplus, something that's hard to do in it's own right but by no means as great as not having any debt. What a budget surplus does do is just make sure that the national debt did not RISE during those years. Clinton balanced the books for a few years, meaning that what the govt. brought in (revenue) was more than what it was spending. National Debt still rose from the beginning of his term to the end of his term because Clinton did manage to have more spending years that outweighed the saving years. So he actually increased the National Debt during his presidency even though he had a budget surplus at the end of his presidency from 98-00. Now if a bunch of presidents in a row did this, then someone will end up being the 2nd Andrew Jackson and eliminating our National Debt. Unfortunately our politicians are as American as the populous and just love to spend money they ain't got.

    Anyways...the more you know!
  • Vipor_GG 2009/08/26 20:53:48
    Andrew Jackson
    Vipor_GG
    +4
    Everyone should know this, but with all the miss leading from the press most people don't. I have the proof book marked on my phone so I can prove it to those that don't believe me.
    http://online.wsj.com/article...
  • Fuzzysdad 2009/08/13 22:34:32
    Andrew Jackson
    Fuzzysdad
  • Joker~RWAC/CFM 2009/03/24 14:41:39
  • boomer Joker~R... 2009/03/24 17:41:35
    boomer
    +2
    yes, Clinton did leave us a surplus, if you ignore social security, medicare and medicaid.
  • Vipor_GG Joker~R... 2009/08/28 17:13:03
    Vipor_GG
    Actually we were deeper in debt when Clinton left office than when he came into office. This has been the case with most if not all Presidents after Jackson. Just look it up on Debt to the penny.
  • Joker~R... Vipor_GG 2009/08/28 18:07:55
  • Vipor_GG Joker~R... 2009/08/28 19:04:36
    Vipor_GG
    I sure do how about the national treasury site.
    http://www.treasurydirect.gov...
    Clinton took office on 1/20/93 with $4,188,092,107,183.60 debt
    on 1/19/01 his last day in office the debt was $5,727,776,738,304.64 .
    That is a $1,539,684,631,121.04 increase. You see it was just another lie.
    Remember "I did not have sex with...." the quickest way to tell if WJC is lying is to see if his lips are moving. The question is why does the media allow the lies to stand?
  • Starchildrebel 2009/03/21 20:53:24
    JFK
    Starchildrebel
    +1
    I think...
  • boomer Starchi... 2009/03/22 03:58:25
    boomer
    Twas Jackson :)
  • USAmom 2009/03/21 19:41:15
    BJ Clinton
    USAmom
  • boomer USAmom 2009/03/22 03:58:15
    boomer
    Sorry, the answer was Andrew Jackson :)
  • Moose 2009/03/21 18:54:18
    Andrew Jackson
    Moose
    +4
    He also got rid of the first U.S. Bank
  • boomer Moose 2009/03/21 18:55:07
    boomer
    +1
    yes he did :) and they were also international bankers, same as those who run the Federal Reserve...
  • Moose boomer 2009/03/21 18:59:58
    Moose
    +3
    It's rather ironic he's on the $20 bill, I don't think he'd take too kindly to it.
  • boomer Moose 2009/03/21 19:01:11
    boomer
    +1
    haha, yeah, it's also ironic that our founders are on the food stamps in this country. They built this nation so people could be independent... and their image is used on the biggest form of dependency in the nation.
  • Starchi... Moose 2009/03/21 21:00:27
    Starchildrebel
    +1
    Ya, Did you you ever hear of the Trial of Tears that Jackson formed among The Cherokee?
  • Moose Starchi... 2009/03/21 21:02:45
    Moose
    +2
    Sure, I've heard of it, what about it? Just because somebody does something wrong, means he can't ever do anything right?
  • Starchi... Moose 2009/03/22 04:12:43
    Starchildrebel
    +2
    It sort makes me wonder how Jackson did get rid of the National Dept???
  • Moose Starchi... 2009/03/22 04:24:28
    Moose
    +2
    Many persuasions, have many different ideas on how he did it...

    He raised tariffs, increased revenues from property sales for the federal gov't, and killed the Bank of the U.S. (the Federal Reserve's predecessor), people still argue about the legitimacy of his actions, but he did pay it off, nonetheless.
  • boomer Moose 2009/03/22 04:29:06
    boomer
    +1
    Yes, it was not a question about whether his actions were 100% moral... but is what he did more moral than allowing his country to be ruled from foreigners? the destruction of the currency we are going to see in the near future? times were much different back then with indians... though I don't think it was all moral ;) just bringing up things to think about. I know you didn't start this...
  • Moose boomer 2009/03/22 04:31:30
    Moose
    +1
    I tried to keep it politically neutral lol
  • Starchi... Moose 2009/03/22 05:50:00 (edited)
    Starchildrebel
    I've got the feeling (a little bird spoke to me so to speak...) that his (Jackson's) little campign that he launched against the Cherokee Nation had something to do with it... Hey Hitler ended the Depresion in Germany and invented the "Peoples Car".
  • Moose Starchi... 2009/03/22 05:54:17
    Moose
    +1
    I'm neutral in this debate, just here to state the facts.
  • Starchi... Moose 2009/03/22 06:11:06 (edited)
    Starchildrebel
    Cool! What were the Tariffs about?
  • Silky pal of Jesus 2009/03/21 18:44:39
    BJ Clinton
    Silky pal of Jesus
    +1
    far as I know it was WJ Clinton
  • boomer Silky p... 2009/03/21 18:52:00
    boomer
    +1
    Sorry, the answer we were looking for is Andrew Jackson
  • Silky p... boomer 2009/03/21 18:54:52 (edited)
    Silky pal of Jesus
    +1
    Ok, you got me on my American history. Do I get to take the quiz over?
  • boomer Silky p... 2009/03/21 18:55:46
    boomer
    just a very small piece of the pie. lol. thanks for coming though :) you've been a great sport and very lovely
  • Silky p... boomer 2009/03/21 19:08:14
    Silky pal of Jesus
    +1
    thank you, boomer
  • boomer Silky p... 2009/03/21 19:24:05
    boomer
    thank you!
  • Joves the Instigator 2009/03/04 00:30:59
    Andrew Jackson
    Joves the Instigator
    +2
    Jackson. But many believe Clinton did due to the bogus reporting of a surplus. All he did was have a balanced budget to which I will give props for but, there was still never a surplus. In order to have a surplus you have to be debt free.
  • boomer Joves t... 2009/03/04 04:14:12
    boomer
    +1
    and you have to include EVERYTHING, and not take things like social security, medicare, and medicaid off the balance sheet :)
  • Joves t... boomer 2009/03/04 04:18:24
    Joves the Instigator
    +1
    In that case we would have to pay back SS, gee what a concept paying the people back the money they put in. I say they give us their retirement money so we are covered.
  • boomer Joves t... 2009/03/04 04:23:43
    boomer
    +1
    with all this dam money they're crapping away, they could at least put something in the hands of the consumer...
  • Joves t... boomer 2009/03/04 04:33:52
    Joves the Instigator
    +1
    I agree. I took the 2007 taxpayer numbers from the IRS site and, mutiplied it by 10K and, found that each taxpayer could be given a 10K stimulus check and, the cost would be 1.4 trillion. That is less expensive than what hey are spending now. And the economy would have been boosted. People would have paid on their mortgages, paid off CC debit and, anything else. Those who carried no debt would have spent it bringing up the retail sector making them order goods. While I dont condone doing that even though I would benefit from it, it would have done more than throwing it to the winds of special interests.
  • boomer Joves t... 2009/03/04 14:29:14
    boomer
    +1
    now that would have been real keynesian economics... but this is not keynesian economics, this is like Fred Flinstone economics or something, idk what the hell this is... maybe they want to destroy the dollar on purpose so that we can have the amero...
  • Joves t... boomer 2009/03/05 00:37:33
    Joves the Instigator
    +1
    I agree.
  • Vipor_GG Joves t... 2009/08/28 19:42:56
    Vipor_GG
    +1
    I am so glad I am not the only one left that knows that you can't have a surplus if you owe more than you have! You made my day:)
  • Andrew Jackson
    ≤З cRaZy₀⁰₀⁰ BiTch ≤З~In My Bitches I Trust
    +3
    But let's not forget the average person has no concept of economics and how this all works...



    love this Political Cartoon of him:
    jackson forget average person concept economics works love political cartoon

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