“ The consequences of . . . [an] inefficient government are too obvious to be dwelt upon. Thirteen sovereignties pulling against each other, and all tugging at the federal head will soon bring ruin on the whole. . . . Let us have [government] by which our lives, liberty, and property will be secured or let us know the worst at once.”
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“ The consequences of . . . [an] inefficient government are too obvious to be dwelt upon. Thirteen sovereignties pulling against each other, and all tugging at the federal head will soon bring ruin on the whole. . . .
Let us have [government] by which our lives, liberty, and property will be secured or let us know the worst at once.”
~George Washington
Case #1: Settling the National Debt1) Revolutionary War
– Gov’t owed France > 10 million dollars
– Gov’t owed U.S. citizens > 34 million dollars
– Struggled to raise revenue
2) Congress could not tax (states had that power)
– Congress had to rely on borrowing
– Could not pass amendment to change the law because they needed 13 out of 13 vote to amend laws – not every state voted yes