" The reason Hamilton gave for favoring a large public debt was not to
finance any particular project, or to stabilize financial markets, but
to combine the interests of the affluent people of the country —
particularly business people — to the government. As the owners of
government bonds, he reasoned, they would forever support his agenda of
higher taxes and bigger government."
Tell that to people who want to say that people collecting welfare are the most likely to be supportive of the government.