Who was the first president to pay off the national debt?

Answer Andrew Jackson, who was the seventh United States President from 1829 to 1837, was the first president to pay off the national debt. In a State of the Union address, President Jackson reported that... Read More »

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What is national debt relief?

National Debt Relief is a company headquartered in Brooklyn, New York. It has a B- rating from the Better Business Bureau, according to question and answer columnist Good Nelly in her Ask Nelly col... Read More »

What is the national debt relief initiative?

The National Debt Relief Initiative, which is not an official term, has two components aimed at individuals: help for homeowners and credit card company regulations. These are the result of legisla... Read More »

How much of our federal income tax goes to pay national debt?

About ten cents of every tax dollar is spent on servicing the national debt. As of May 2010, the government has spent $224 billion on interest payments for the national debt.References:Federal Budg... Read More »

How did Andrew Jackson eliminate the national debt?

The only time in the nation's history that the national debt was virtually eliminated occurred in 1835 during Andrew Jackson's second term as president.Origins of the National DebtThere had been na... Read More »