“I am one of those who do not believe the national debt is a national blessing…it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.”

—Andrew Jackson

True enough I guess, and yet without fiat currency and (unpayable) govt. debt, America would probably never have existed. Life is just full of ironies, no?

http://en.wikipedia.org/wiki/Early_American_currency

ebear