What is Jeffersinans position on funding debts, and justification?
His position is that each state should be responsible for its own debt.
But I don't know why, or if that is right.
United States History - Damon, Monday, October 3, 2011 at 8:23pm
Well, the states borrowed the money.
HOWEVER I assume that we are talking about Revolutionary War debts. That money went for a purpose, to found a new country. If that country was to succeed, it must take responsibility for the debts incurred in fighting its war. Therefore I would be inclined to say that the entire new nation was responsible for the debts. (Count me in Alexander Hamilton's camp)
United States History - Lala, Monday, October 3, 2011 at 8:32pm
Okay, that is your view. but what was jeffersions and why?
United States History - Ms. Sue, Monday, October 3, 2011 at 9:13pm
Read about the debate between Hamilton and Jefferson here.