I believe that is when the federal government takes on the debts of a state(s) in order to better manage/pay it off.
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The view was that the Federal Government should pay off the states' war debts.
D. call for the construction of a new national capital on the banks of the Potomac River.
1. Something that is believed to be true without proof. Example: The assumption that such people have a genuine choice of schools for their children is false.2. the process of beginning to take responsibility for something as assumption of office the time when someone starts a job. Example: on his assumption of office, the premier arrested several of the ministers in the former government."assumption." Dictionary of Politics and Government.London: A&C Black, 2004. Credo Reference.
the national debt was something used to create national debt