back to 1835

[paula]

" Today, my administration announced that the U.S. government will
pay down more than $87 billion in the public debt this year -- the
largest debt reduction in America's history and a total reduction of
$142 billion over the last 2 years.  This is an important result of the

  

Don't blame Clinton.  His need to betray the public trust, contribute to
the degradation of life and lick the Big Cigars' boots, is a direct result
of the abuse he suffered as a child.

All half-kidding aside,  White House stategy is seriously flawed.  People
who buy 100,000 homes are taking a bath in red in their investments right
now, and the low interest rate thing will be lost on them at this moment.
Right spin, wrong time.

Could anyone clue in this uneducated rube-what happened in 1835, and did it
lead to depression?