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Hugh Hewitt: The Grand Bargain of 1790

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Jon Meacham's wonderful new biography, Thomas Jefferson: The Art of Power, has within it four pages of particular interest to today's governing class in D.C. In late April 1790, the new United States was poised on its first fiscal cliff, a massive public debt held by many but not all states, dating from the Revolutionary War. Some states had acted responsibly toward their obligations. Others...

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