Jackson was elected the 7th U.S. President. On December 5, 1836, President Jackson warned:
"The experience of other nations admonished us to hasten the extinguishment of the public debt…
No political maxim is better established than that which tells us that an improvident expenditure of money is the parent of profligacy, and that no people can hope to perpetuate their liberties who long acquiesce in a policy which taxes them for objects not necessary to the legitimate and real wants of their Government…"
Andrew Jackson continued:
"To require the people to pay taxes to the Government merely that they may be paid back again…Nothing could be gained by it even if each individual who contributed a portion of the tax could receive back promptly the same portion…"
"Congress is only authorized to levy taxes ‘to pay the debts and provide for the common defense and general welfare of the United States.’
There is no such provision as would authorize Congress to collect together the property of the country, under the name of revenue, for the purpose of dividing it equally or unequally among the States or the people.
Indeed, it is not probable that such an idea ever occurred to the States when they adopted the Constitution…"
President Jackson cautioned:
"There would soon be but one taxing power, and that vested in a body of men far removed from the people, in which the farming and mechanic interests would scarcely be represented.
The States would gradually lose their purity as well as their independence; they would not dare to murmur at the proceedings of the General Government, lest they should lose their supplies; all would be merged in a practical consolidation, cemented by widespread corruption, which could only be eradicated by one of those bloody revolutions which occasionally overthrow the despotic systems of the Old World."