“A pure Democracy, by which I mean a Society consisting of a small number of citizens, who assemble and administer the Government in person, can admit of no cure for the mischiefs of faction. A common passion or interest will, in almost every case, be felt by a majority of the whole; a communication and concert result from the form of Government itself; and there is nothing to check the inducements to sacrifice the weaker party, or an obnoxious individual. Hence it is, that such Democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security, or the rights of property; and have in general been as short in their lives, as they have been violent in their deaths.”

Theoretic politicians, who have patronized this species of Government, have erroneously supposed, that by reducing mankind to a perfect equality in their political rights, they would, at the same time, be perfectly equalized and assimilated in their possessions, their opinions, and their passions.
Federalist No. 10
1780s, Federalist Papers (1787–1788)

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4th president of the United States (1809 to 1817) 1751–1836

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“By a faction, I understand a number of citizens, whether amounting to a majority or a minority of the whole, who are united and actuated by some common impulse of passion, or of interest, adversed to the rights of other citizens, or to the permanent and aggregate interests of the community.”

James Madison (1751–1836) 4th president of the United States (1809 to 1817)

Federalist No. 10 (22 November 1787) Full text from Wikisource http://en.wikisource.org/wiki/The_Federalist/10
1780s, Federalist Papers (1787–1788)

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“Democracy is a system of government according to which every member of society is considered as a man and nothing more.”

William Godwin (1756–1836) English journalist, political philosopher and novelist

Book V, Chapter 13, "General Features of Democracy"

Massacre is the too possible attendant upon revolution , and massacre is perhaps the most hateful scene, alllowing for its omentary duration, that any imagination can suggest, The fearful, hopeless, expectation of the defeated, and the blood-hound fury of their conquerors, is a complication of mischief that all which has been told of internal regions can scarcely surpass. The cold-blooded massacres that are perpetrated under the naem of criminal justice fall short of these in some of their most frightful aggravations. The ministers and instruments of law have by perform, and often bear their parts in the most shocking enormities without being sensible to the passions allied murders with the rudeness of an insulting triumph ; and, as the conduct themselves , in a certain sort, by known principles of injustice, the evil we have reason to apprehend has its limits. But the instruments of massacre are discharged from every restraint.

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“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.”

Alexander Fraser Tytler (1747–1813) Scottish advocate, judge, writer and historian

The earliest known attribution of this quote was December 9, 1951, in what appears to be an op-ed piece in The Daily Oklahoman under the byline Elmer T. Peterson, [This is the Hard Core of Freedom, Elmer T. Peterson, Daily Oklahoman, 9 December 1951, 12A]. The quote has not been found in Tytler's work. It has also been attributed to Alexis de Tocqueville.
There are many variants circulating with various permutations of majority, voters, citizens, or public. Ronald Reagan is known to have used this in speeches, as reported in Loren Collins, "The Truth About Tytler http://lorencollins.net/tytler.html":
Other variants:
The American Republic will endure until politicians realize they can bribe the people with their own money.
The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Attributed

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