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Author: stockmover Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: Re: OT ~ Charley Reese's final column ~Long Date: 6/25/2011 1:34 AM
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It is simply false that there was no national debt 100 years ago. In fact, the United States has owed a national debt since the country was founded, though it came quite close to paying off the debt before the Civil War.

I am only the messenger Bob. I don't proclaim to be an historian. But this legitimate article was in fact published by the Orlando Sentinel.

However, what you address is what I call selective reading and only a miniscule part of the article if you compare the national debt level in 1911 to our current debt level today in "real dollars" as well as all the various and sundry current taxation levies!

Rich
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