Leaders such as Thomas Jefferson and James Madison objected to paying the states' debts after the American Revolutionary War. They believed that the federal government should not assume the debts incurred by individual states, viewing it as unfair to those states that had already paid off their debts. Their opposition was rooted in concerns about federal power and the potential for a centralized government to impose undue control over the states. This disagreement contributed to the broader debates over federalism and the balance of power in the early United States.
They did not want taxes to increase.
most had huge debts they could never pay.
The view was that the Federal Government should pay off the states' war debts.
The Southern states were opposed to Alexander Hamilton's plan to pay off state debts. They had already paid off a significant portion of their debts and felt that they would be unfairly burdened by the assumption of Northern states' debts. This disagreement contributed to tensions between the North and South, impacting early American political dynamics.
Hamiltonians were people who followed and supported the policies that Alexander Hamilton espoused on the fiscal affairs of the new union. Hamilton wanted a strong federal government relative to the states. Most importantly, though, Hamilton wanted the federal government to assume the debts that the various states had incurred in paying for the Revolutionary War. Some states had paid down much of their debts themselves and did not want the federal government to assume them. If it did, it would spread the cost of repayment of the entire debt among all of the states. This would have the effect of making some states pay for other states' debts. Hamilton had other fiscal ideas like having a national bank, which many states and people opposed. As it turned out, Hamilton's followers were diametrically opposed by Jefferson and Madison, sometimes referred to as Jeffersonians or Republicans.
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
what was Hamilton's plan for paying state debts
Comitatus
Your estate is responsible for paying your debts.
Paying back its debts from the Revolutionary War.
what was Hamilton's plan for paying state debts
Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.
You will never be responsible for his debts unless you co-signed on loans or debts. If you are the executor of his estate, then you must pay his debts out of the estate.
The world gets out of debt by paying their debts
Alexander Hamilton argued that paying the nation's debts in full would establish the creditworthiness of the United States and foster trust among domestic and international creditors. He believed that honoring debts would strengthen the federal government, unify the states under a strong central authority, and promote economic stability. By demonstrating fiscal responsibility, Hamilton aimed to attract investment and facilitate the growth of a robust national economy. Ultimately, he viewed the repayment of debts as essential for the country's financial credibility and future prosperity.
You can start by paying off small debts then working your way to the bigger debts. You can use the money from paid off debts to double payments on bigger debts instead of blowing that money.
The decedent's estate is responsible for paying their debts.