USA HISTORY

Detailed explanation-1: -His administration lowered excise taxes while slashing government spending. Additionally, the Jefferson administration reduced the size of the Navy, ultimately bringing the national debt down from $83 to $57 million.

Detailed explanation-2: -Jefferson also felt that the central government should be “rigorously frugal and simple.” As president he reduced the size and scope of the federal government by ending internal taxes, reducing the size of the army and navy, and paying off the government’s debt.

Detailed explanation-3: -He abolished internal revenue taxes in peacetime, slashed federal spending, and repaid half of the national debt and had a plan to retire the debt (before the War of 1812 intervened).

Detailed explanation-4: -Despite some years of ample salaries in public office, Jefferson’s load of debt only continued to grow. He and his family generally attributed his financial failure to forty years of public service and the consequent neglect of his own affairs.

Detailed explanation-5: -Thomas Jefferson wanted to eliminate the national debt, which he considered to be bloated and susceptible to corruption. He reduced the size of the military, because he didn’t believe it was necessary to have a large standing army during peace time.