#10: The Whiskey Rebellion (The 10 Worst Decisions by U.S. Presidents)

[riky]

#10: The Whiskey Rebellion (The 10 Worst Decisions by U.S. Presidents)
      

Lesson for President Obama: Watch who will bear the burden of new taxes.

In 1790 the federal government was saddled with an $80 million debt, the cost of America's war for independence from Great Britain. It was a staggering sum; President George Washington's secretary of the Treasury, Alexander Hamilton, insisted that the only way to pay off the liability was to raise taxes. Thomas Jefferson opposed virtually every idea Hamilton ever had, but this time he sided with his greatest political rival — the debt was crippling the government, introducing a new tax was the only solution.

Or so they thought ...
         

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