Tuesday, August 5, 2014

[DONDEQUIERA] Our Government Debt Has A Longer History Than You Might Think

On Monday, August 4th, 1790, the young federal government issued its first bonds, promising to pay between 3 and 6 percent interest. The borrowed money was used for liquidating state debts related to the Revolutionary War and assumed by the new national government. At the time, the national debt was over $71 million.

Realistic Expectations

A problem which was developed over 224 years ago will not be solved over night.  It won't be solved in 4 years, or even 8,  it will only be solved with incremental and continuous cooperation and collaboration.

--
Publicado por Blogger en DONDEQUIERA el 8/05/2014 01:56:00 p. m.

0 comments:

Post a Comment