US War Debt was legitimate from 1776 to 1913 and totaled $2.8767 billion, but became Military Foreign Aid from 1913 to present and now totals about $6.605 trillion. Replacing War with Total Economic Isolation for bad actors is the only option we have to avoid bankrupting the US.
The US paid its War Debt for expansion and preservation from 1776 to 1865.
US
War Debt from 1776 to 1865 was incurred to establish, expand and preserve the
US.
Revolutionary
War $0.075 billion ($75 million)
War
of 1812 $.1192 billion ($119.2 million)
Mexican
War 1848 $0.0825 billion ($18.25 million)
Total $0.2767 billion ($212.45 million)
Civil War 1865 $2.6 billion (paid off in1917)
US War Debt from 1914 to 1975 was incurred to defend foreign allies and was Military Foreign Aid.
World
War I $25 billion
World
War II $323 billion
Korean
War $30 billion
Vietnam
War $ $168 billion
Total $546 billion
US
War Debt in 1990 was incurred to defend Kuwait from the Iraq invasion.
Gulf
War $7.3 billion
US
War Debt from 2001 to 2021 was incurred to fund a failed attempt to
Nation-Build.
Afghan
War $2.313 trillion
Iraq
War $1.922 trillion
Total $4.435 trillion
Military Foreign Aid became unaffordable.
Current US War Debt includes the War in Ukraine and the War in Israel and totals over $600 billion
The
total Tab for Military Foreign Aid is about $6.605 trillion.
Tariffs were used to pay off the $2.8767B war debt incurred from the Revolutionary War to the Civil War. Tariffs encouraged the manufacturing and economic self-sufficiency of the US.
The Revolutionary War debt, reached $75 million by 1791, was fully paid off by January 1835, under President Andrew Jackson, marking the only time in US history the government was free of debt.
The United States financed the $15 million purchase of the Louisiana Territory from France in 1803 by borrowing the sum from British and Dutch banks, using a mix of sovereign bonds and assuming French debts.
The War of 1812 Debt: The war more than doubled the nation's debt, increasing from $45.2 million to $119.2 million by September 1815.
The U.S. agreed to pay $15 million for the physical damage of the war and assumed $3.25 million of debt already owed by the Mexican government to U.S. citizens. Mexico relinquished its claims on Texas and accepted the Rio Grande as its northern border with the United States.
The Civil War debt ballooned from $65 million in 1860 to $2.6 billion by the war's end, was not fully paid off until 1917.
Norb Leahy, Dunwoody GA Tea Party Leader
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