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Alexander Hamilton considered the federal debt a "blessing" because banks and investors who owned the debt would want the government to succeed. What was Thomas Jefferson's stance on this issue?- He initially disagreed with Hamilton, but after Napoléon offered to sell Louisiana to the United States, he embraced large debts.- Jefferson did not agree with any part of Hamilton's economic program but did not dismantle it.- He believed that a federal debt would increase corruption and cause social instability, and he paid it down quickly.- He believed that a federal debt would increase corruption and cause social instability, but as with his personal debt, he found it very difficult to rein in government spending.- He believed that state governments could carry large debts but that under a strict reading of the Constitution, the federal government could not.

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