Search This Blog

Noble Gold

NATIONAL DEBT CLOCK

Real Time US National Debt Clock | USA Debt Clock.com


United States National Debt $36,456,235,451,561.77
United States National Debt Per Person $105,498.47
United States National Debt Per Household $273,241.05
Total US Unfunded Liabilities $127,645,567,441,892.28
Social Security Unfunded Liability $16,138,362,322,004.68
Medicare Unfunded Liability $81,675,317,618,149.53
Prescription Drug Unfunded Liability $20,438,935,414,612.39
National Healthcare Unfunded Liability $9,392,952,087,125.68
Total US Unfunded Liabilities Per Person $369,385.72
Total US Unfunded Liabilities Per Household $956,709.00
United States Population 345,561,731
Share this site:

Copyright 1987-2024

(last updated 2024-08-09/Close of previous day debt was $35123327978028.47 )

Market Indices

Market News

Stocks HeatMap

Crypto Coins HeatMap

The Weather

Conservative News

powered by Surfing Waves

5/23/25

Tarrifs: I learned something about History this morning

 


I learned [The Tariff Act of 1789] about History this morning:

Signed by George Washington, The Tariff Act of 1789 was the first major piece of legislation passed by the United States Congress after the Constitution was ratified. It was signed into law by President George Washington on July 4, 1789. The act aimed to raise revenue for the government, protect domestic industries, and encourage the development of manufacturing. There was no INCOME TAX then. Federal money all came from tariffs. Now it comes from YOU. 

Hamilton created the COAST GUARD to catch ships trying to avoid the Tariffs. They uses fast boats called CUTTERS.

The Socialist, FDR, started taking Fed tax directly out of the paychecks directly to pay for debt from WWII. Abe Lincoln started an Income Tax, that was temporary, because during the Civil War most of the ports were in the South. Lincoln needed money to fund the war.

#Trump #Tariffs #GeorgeWashington #CoastGuard #Madison #JamesMadison