Sentence examples for assumption of states from inspiring English sources
It was a transaction, a deal, just like the deal that put the national capital on the Potomac in exchange for the federal assumption of states' debts -- and not unlike the deal the Hairstons made in causing their kin to disappear.
Jefferson's archenemy Alexander Hamilton, the Treasury secretary, had laid out a plan for the federal assumption of states' debts, anathema to Jefferson, since it "would create the need for federal taxes to pay down the debts," Meacham explains, "and the power to tax was, as ever, the most fundamental and far-reaching of all the powers of government".
A more difficult task is to argue against the assumption of states of affairs (or some other propositional entities) on the ground that intensional entities are ontologically precarious entities (see Leclercq 2013).
"The assumption of state debts was the most powerful bonding mechanism of the new Union," he says.
Hamilton's assumption of state debt was contentious: virtuous states did not think they should pay for lax ones.
The assassination of Radić in 1928 precipitated the assumption of state power by King Alexander I in 1929.
Germany's council of economic experts has proposed a debt "redemption pact" modelled on the American federal government's assumption of state debts in 1790.
From these two premises flowed his comprehensive financial program, calling for federal assumption of state debts, the funding of the entire national debt, the creation of a national banking system, and the encouragement of an embryonic manufacturing sector.
Sherman served in Congress under the new Constitution, first as a representative (1789 91) and then as a senator (1791 93), supporting Alexander Hamilton's program for assumption of state debts, establishment of a national bank, and enactment of a tariff.
He said his lukewarm support for Mr. Carter was based on the President's position on Israel and his opposition to Federal assumption of state and local Medicaid costs.
SourcesHow Alexander Hamilton negotiated the federal assumption of state debts and the creation of the first Bank of the United States are well described in Forrest McDonald's book "Alexander Hamilton: A Biography" and in Joseph Ellis Founding Brotherss: The Revolutionary Generation," Chapter Two, "The Dinner".
