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Who was the president to pay off his national debt?
my mom
What were some of Andrew Jackson's accomplishments?
Andrew Jackson was the 7th President of the United States. He was known for establishing the democratic party and paying off the entire national debt. Jackson was the only president who ever paid off the entirety of the national debt.
Who was the only one to pay off the national debt?
Andrew Jackson was the only president to date to actually pay off the national debt. President Jackson paid off the debt in 1835. He was a wise man by doing so. Many people get confused and believe that there is no national debt when there is a surplus. The last president to balance the budget and regain a surplus of revenue was Bill Clinton and he did it only for one fiscal year.
What president was was in office the time the national debt was ever paid off?
Andrew Jackson
Why did Alexandria Hamilton proposed the first National Bank to?
Pay off the national debt
Why was the first national bank proposed by Alexandria Hamilton?
Pay off the national debt
What was Hamiltons plan to pay off national debt?
Hamilton's plan to pay off the national debt had three parts. The first was to pay off all war debt, next was to raise government revenue and last to create a national bank.
Did Andrew Jacksons time as president hurt America?
Well he was the only president to ever pay off the national debt...
Did President Clinton pay off the National Debt using the Social Security Fund?
Yes
Was national debt ever been fully paid off?
Yes, several times. Most recently, President Clinton was able to balance the budget in his administration, despite having inherited a deficit from President George H.W. Bush. It was not several times and Clinton didn't do it. In fact the national debt was $5,727,776,738,304.64 when Clinton left office. Clinton left office with about a $1.5 trillion increase to the national debt. The only time the national debt has been paid off was in 1835 under President Andrew Jackson.
What US president paid off the entire national debt?
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. )
Why did Hamilton's want national taxes?
to pay off the national debt
