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None, the US has always been in debt. The debt owed by the US is held by the purchasers of treasury bonds issued by the US. During George Washington's presidency the US was in debt due to costs incurred by the Revolutionary War as well as costs for government operation during his presidency. No presidency has ever operated without Congress spending money, borrowed for various programs.
What else can I help you with?
Did Andrew Jacksons time as president hurt America?
Well he was the only president to ever pay off the national debt...
Who was the only president other than George Washington to have America completely out of debt?
andrew jackson
Did president obama vote against raising the debt ceiling while he was a senator?
Yes he did. He claimed the fact the ceiling had to be raised showed poor leadership skills of the president. Quote: "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure," he said on March 16, 2006. "Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership . Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit."
How many times was the debt ceiling raised under reagen?
The National Debt Ceiling was raised 18 times while Reagan was president.
Who is responsible for a debt the couple is separated and wife is at the residence and a summons was served to the wife.?
If the couple acquired the debt while they were together, then both of them are responsible. Additionally, the summons will show who is responsible for the debt by naming the individuals who are being sued.
Who was President when Alexander Hamilton managed the Federal government's revenue?
George Washington was President when Alexander Hamilton served as Secretary of the Treasury, managing the federal government's revenue and also its enormous War debt.
What are some tough problems Barack Obama went through?
America's rapidly increasing debt is definitely one of the biggest challenges. America's debt increase rate has skyrocketed since he became president. This may or may not be his fault/doing.
What president did not raise the debt ceiling?
The President cannot raise the debt ceiling. It is set by Congress.
What president raised the debt ceiling most?
The President cannot raise the debt ceiling. It is set by Congress.
Who served as Secretary of the Treasury under President Jefferson and is the only person to hold that position and achieve a balanced budget with no national debt?
Albert Gallatin... I'm 100% sure.
Has America ever been debt free?
Yes, once in 1835, when Andrew Jackson was president. He hated the Federal Bank and debt and tried very hard to completely get rid of it. He didn't quite succeed at getting rid of the Federal bank (obviously) but he did succeed in having America become debt free for the first (and so far the only) time since America became its own country.
Can a debt recovery firm in the USA collect a debt that originated in the United Kingdom if i now live in America?
If they bought the debt, yes....Hey, its America
