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What was the federalist view on the assumption of state debts?
The view was that the Federal Government should pay off the states' war debts.
Who is responsible to pay back debts?
The government is responsible to pay all back debts.
Who is responsible to pay back all debts?
The government is responsible to pay all back debts.
Who did Hamiltion wanted the federal government to assume and pay the debts of the?
He wanted the federal government to assume and pay all state debts.
The federal government was unable to pay its Revolutionary War debts because it could not?
The federal government was unable to pay its Revolutionary War debts because it did not have the power to levy taxes. The war was fought from 1775 to 1783.
The government of the confederation could not pay its debts because it lacked the power to what the states or American citizens?
pay it
Where does modern currency get its value?
from the government who says it is legal tender to pay debts
How does government get the money it needs?
Loans. They then collect taxes to pay back their debts.
What is a taxation?
When the government takes money from your income to pay debts and construction: taxes.
What is the number one reason why consumers default on their debts?
They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!
Should you pay off all small debts first or concentrate on the large ones?
I have always been told that it is best to pay off the smaller debts first and get those out of the way so then you can focus on the larger debts when you have fewer debts to worry about.
Where can one get debt advice from the government?
StepChange Debt offers free government advice for people who need help with their debts. They can help you look over your finances, show you how to pay off your debt quickly and advise you on which debts to pay off first, if you can only afford to pay a few at a time.
