Alexander Hamilton on the Presidential Administration of Barack Obama

"The debt...may be swelled to such a size, as that the greatest part of it may cease to be useful as a Capital, serving only to pamper the dissipation of the idle and dissolute individuals: as that the sums required to pay the Interest upon it may become oppressive, and beyond the means which a government can employ, consistently with its tranquillity, to raise them; as that the resources of taxation to face the debt may have been strained too far to admit of extensions adequate to exigencies which regard the public safety.

"Where this critical point is, cannot be pronounced, but it is impossible to believe that there is not such a point."

----Alexander Hamilton, Report on Manufactures, December 5, 1791.