Which of the following accurately reflects Jefferson’s views on government debt?

Thomas Jefferson held a clear and strong position regarding government debt, advocating for its significant reduction. He believed that incurring substantial debt could have detrimental effects on American sovereignty and independence, as he feared it would lead to increased power and influence from financial interests or foreign entities over the government. Jefferson viewed a large debt as antithetical to the ideals of a republic, as it could limit the government's ability to act freely and could create a financial burden on future generations.

Additionally, his philosophy was rooted in agrarian ideals, where he envisioned a nation of independent farmers rather than one reliant on urbanization and industrialization—conditions that often necessitated heavy borrowing. Instead of embracing debt as a tool for economic growth, Jefferson prioritized a balanced budget and fiscal responsibility. This approach significantly influenced his presidency and led to policies aimed at paying down the national debt, reflecting his commitment to a more frugal government.

In contrast, other views depicted in the incorrect options either misinterpret Jefferson’s philosophy or suggest an indifference or a supportive approach towards debt, which directly contradicts his well-documented beliefs and policies.