Did you know that the National Debt dates back to the Revolutionary War?
The national debt began during the presidency of the Father of our Country, George Washington.
The 13 states signed the new Constitution only after the Federal government agreed to assume responsibility for some $75,000,000. in debts incurred while fighting the Revolutionary War.
The debt grew to $1 billion during Abraham Lincoln's presidency. Lincoln said about the debt, "Men readily perceive they cannot be much oppressed by a debt they owe themselves." During that time, most of the public debt was financed by issuing government bonds, like savings bonds. 
The situation today is quite different, with much of our debt owned by foreign interests. Just something to think about......
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