> Since the government at the time did pay off the national debt
There was a brief period in the early half of the 19th Century where it paid off the debt, but the
it ramped up beforen the secession crisis, went sky high during the civil war, and was never paid off after that, so, no, in net budgets weren't balanced in the Revolution to WWI period.
Also, other problem with your scenario is that the US didn't start as a subsistence farming economy (which would have made it near worthless as a set of colonies.)
No, it doesn't. Especially since the the US was on a bimetallic standard, not the gold standard, for much of that time.
> which more or less means balanced budgets
No, it doesn't. Either in theory or US practice.