Thomas Jefferson feared the federal assumption of the debt because it seemed like the debt would never be repaid (D).
Jefferson believed the policy proposed by Alexander Hamilton (Funding Act of 1790) would become a threat to the autonomy of the Republic, as public creditors would have interest in the debt never getting repaid in order to always lay their hands on taxpayers' money. Ultimately the Constitution and republican liberties were at risk, he thought.
It demonstrated that bin Laden and al-Qaeda were not intimidated by the United States' reprisal for their terrorist acts.
