On this day in 1776 the United States Congress approved the nation’s first loan borrowing $5 million at 4 percent interest and giving the colonial officials in Paris, France, authority to borrow and additional two million pounds. The money was needed to fuel the American Revolution. Things turned out pretty well.
slicethelife 
probably the last time we borrowed money and actually paid it back. well there was that one day in andy jacksons term that we were at a balanced budget.