Andrew Jackson - National Debt

"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."

Andrew Jackson
(1767-1845) 7th US President
Source: in a letter to T. H. Colman, 26 April 1824

http://quotes.liberty-tree.ca/quote_blog/Andrew.Jackson.Quote.5038