Hamilton's plan to pay off the national debt had three parts. The first was to pay off all war debt, next was to raise government revenue and last to create a national bank.
to pay off national debt
Jefferson wanted to pay off debt. Hamilton did not. CB
Jefferson wanted to pay off debts; Hamilton did not.
Pooled with the 25 million dollars of state debt and paid off through bonds and a national bank.
They would give them whiskey.
Alexander Hamilton was the first US Secretary of the Treasury. His plan was successful in many ways. He founded a national bank, and he had America establish its own currency so no one had to use the British pound. He also came up with the idea for the national bank to sell bonds to the American people. This allowed the government to use the interest it earned to help pay off the war debt.
because the southerners did not like Hamilton dumb
Thomas Jefferson
To deal with the government's financial issues
Mainly they taxed the US citizens when they could, because when the US first came independant, only state governments could tax, not federal. But this was soon changed and eventually the debt was paid.
Obama plans on making the wealthy people start paying taxes so that America will have more money to pay off the national debt.
Thomas Jefferson