Quote from Andrew Jackson 

"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."

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