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.”

 

 

 

Editors Note : On This Day In 1835 , thanks in large part to Andrew Jackson’s abhorrence  of debt , 1835 – The United States national debt is 0 for the first and only time.