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James
Lv 6
James asked in Politics & GovernmentElections · 10 years ago

Which is the only party that gave us zero debt? ?

And who was the president? Also the last and ONLY time we had no debt.

Update:

all wrong so far. we have one time been debt free. it's a shame most americans know little about our history. i'm going to extend and reword then post another for potential 24 pts for most detaied correct answers.

Update 2:

someone had my bonus removed but I won the appeal. the only people who would do that are those who don't want to do the research to find the truth. hint: before the civil war.

5 Answers

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  • 10 years ago
    Favorite Answer

    THe answer is the Republican/ Democratic party. Yes they used to be together. Andrew Jackson was president and ran under the national Republican party and won in first term then Democratic the second. This is the birth of both parties. Too bad the democrats no longer stand for small government as they did then. This is why he switched for second term. We now have it the other way around. Source : Library of congress, facts concerning. Presidents of the U.S.- Rebecca Stefoff. History of the parties.

  • Tmess2
    Lv 7
    10 years ago

    I believe that the last time that the US had no national debt (which is different from running a surplus in a single year) was during the first term of Grover Cleveland (a Democrat). His successor (Benjamin Harrison, a Republican) ran up a debt which was never fully paid down during any subsequent administration.

  • ?
    Lv 7
    10 years ago

    The Republican held House of Representatives and Republican held Senate under Democrat President Clinton, reduced the national debt and stayed on budget.

    Source(s): Whiskey
  • Teekno
    Lv 7
    10 years ago

    We haven't ever had zero debt. Whoever told you different lied to you.

  • Anonymous
    10 years ago

    a rent party?

    Source(s): what are the chances?
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