when was the last time the us had no federal deficit
History of the United States public debt On January 1, 1835, president Andrew Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished.[12][13]
Second Bank of the United States By the time of Jackson's inauguration in 1829, the national bank appeared to be on solid footing. The U.S. Supreme Court had affirmed the constitutionality of the bank under McCulloch v. Maryland, the 1819 case which Daniel Webster had argued successfully on its behalf a decade earlier,[62] the U.S. Treasury recognized the useful services it provided, and the American currency was healthy and stable.[63] Public perceptions of the central bank were generally positive.[64][65] The bank first came under attack by the Jackson administration in December 1829, on the grounds that it had failed to produce a stable national currency, and that it lacked constitutional legitimacy.[66][67][68] Both houses of Congress responded with committee investigations and reports affirming the historical precedents for the bank's constitutionality and its pivotal role in furnishing a uniform currency.[69] Jackson rejected these findings, and privately characterized the bank as a corrupt institution, dangerous to American liberties.[70]
My Ántonia
Washington, D.C. A 2007 report found that about one-third of District residents were functionally illiterate, compared to a national rate of about one in five. This is attributed in part to immigrants who are not proficient in English.[110] As of 2011[update], 85% of D.C. residents age 5 and older spoke English at home as a primary language.[111] Half of residents had at least a four-year college degree in 2006.[106] D.C. residents had a personal income per capita of $55,755; higher than any of the 50 states.[112] However, 19% of residents were below the poverty level in 2005, higher than any state except Mississippi.[113]