The sale of government land added a lot of money to the treasury. jackson also vetoed bills to spend government money on state roads and similar projects. He did not push for military spending and entitlement programs.
US President Andrew Jackson was the 7th US president. He was opposed to a national US bank, and he was opposed to having the US Federal government in debt.
Yes Andrew Jackson got and kepted us out of dept by paying the Government (bank) the money that we all owed.
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
In January 1835, Andrew Jackson paid off the entire national debt. It was the only time in history and it lasted one year. (Bill Clinton had one 12-month period, late in his second term, in which the debt was not increased. )
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The national debt clock is a real time running total display which constantly updates to show the current national debt of the United States. You can find it at the website US Debt Clock.
Currently the US national debt is about 13 trillion dollars, and this is an extremely large amount. The nation is deeply in debt. Debts are expensive because lenders charge interest.
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As of January 31st 2011, total debt of the US economy is 14.13 Trillion US Dollars.
$712 Billion
Andrew Jackson came the closest to paying the national debt. The only debt when he left office was a few unpaid salaries and recent bills that had come due.