Andrew Jackson Quote 

"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."

by:
Andrew Jackson
(1767-1845) 7th US President
Source:
in a letter to T. H. Colman, 26 April 1824
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Reader comments about this quote:
I give the Republicans and Democrats as proof of this very accurate sentiment.
 -- Mike, Norwalk		 
The National Debt is part of an artificial system designed to keep you in perpetual servitude. People need to stop and ask themselves, to whom is this debt owed? It is entirely contrived.
 -- J Carlton, Calgary		 
I've always wondered who runs this country. Those elected or those appointed.
 -- cal, lewisville, tx		 
Mike is right -- left and right do not matter -- either you are with the System or against it. Carlton is right on -- the 'debt' is an illusion -- the point is domination of the world, and the 'debt' is simply the money supply -- the taxes they take are to keep the People in check and enslaved. The people who run the country (world) are those that create out of thin air the money supplies of all the nations.
 -- E Archer, NYC		 
Agreed! though we have no left or right but a corporate America dangerously having a military industrial complex
 -- RBESRQ		 
It's hard to tell who is bribing whom and which is blackmailing the other anymore. Government, corporations, non-governmental organizations, and wild-eyed ideologues of all kinds are an incestuous bunch, and they're all out to screw the rest of us.
 -- Ken, Allyn, WA		 
I believe that when we elect politicians we should HIDE the check book. I also do not think that we have BUSINESSMEN in office or we would not have the deficites that we do. When a BUSINESSMAN or woman has a zero balance in our check book we STOP writing checks.
 -- Al Breen, N. Haledon, N.J.		 
America needs the Founding Fathers back.
 -- Elisabeth, Astoria, NY		 
they are good
 -- joe, ennis		 
In 1835, Old Hickory managed to reduce the federal debt to only $33,733.05, the lowest it had been since the first fiscal year of 1791. President Jackson is the only president in United States history to have paid off the national debt entirely. It was short lived due to the economic collapse in 1837-1844 and increased 10 fold.
 -- John Foster Douglass, NYC, NY		 
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