The Debt Problem

mfincher
Mind Map by mfincher, updated more than 1 year ago
mfincher
Created by mfincher almost 5 years ago
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Hamilton's plan for the national debt
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The Debt Problem
1 United States National Debt
1.1 $12 Million to Foreign Creditors
1.1.1 Sell Western lands to pay in full
1.2 $42 Million to Americans
1.2.1 National Government Pay off by Selling New Government Bonds/Securities (Borrowing)
1.2.1.1 Principal (Original Amount Borrowed): Pay off by Continued Borrowing
1.2.1.2 Interest on Debt--Pay Off
1.2.1.2.1 Excise "Sin" Taxes
1.2.1.2.2 Tariffs
1.2.1.3 $25 Million
2 Debts of the States
2.1 $25 Million
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