On January 8th, 1835, all the big political names in Washington gathered to celebrate what President Andrew Jackson had just accomplished. A senator rose to make the big announcement: "Gentlemen....the national debt.... is PAID."
That was the one moment in U.S. history when the country was debt free. Here's the story of how it happened — and why it didn't last. Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.