DEBT HANDLED PROPERLY
At our beginning as a new nation in 1791 we were about $75 million in debt (wars are costly) by 1804 the debt had risen to $86 million. From 1805 to 1835 the debt was steadily brought down to zero! We had a federal government that reflected the people that care about the future.
Wonderfully successful by 1893; with steam powered trains for transportation and mostly horses and mules for farming; we became the greatest wealth producing people in the world; doubling the wealth production of second place England.
In the 27 years preceding 1893; 20 of the 27 years the federal government had a surplus.
PEOPLE WERE BLESSED
From our beginning the Churches were significantly active, teaching the people how to create a Godly government, about moral values and Godly standards. Our children were taught spiritual values and encouraged the children to accept Jesus Christ as their savior. The capstone statement of the 1892 era: These, and many other matters which might be noticed, add a volume of unofficial declarations to the mass of organic utterances that this is a Christian nation, from Syllabus, page 143 U.S. 471, 1892 Supreme Court case Church of the Holy Trinity v. United States, Case 143 U.S. 457.
DEBT 1893 vs. 2016
Federal Debt, 1893: $1.5 billion
GDP $15.4 billion
Debt is 10% of GDP
That compares to today, as follows:
Federal Debt, 2016: $20.2 trillion
GDP $18.6 trillion
Debt is 95.8% of GDP