Many States Opposed Federal Assumption of State Debts Because

Multiple Choice

Many states opposed federal assumption of state debts because

A) most northern states had already paid their debts and saw the assumption plan as a southern plot to increase their power.
B) the debt was so high that paying it would bankrupt the nation.
C) most of the money would go to western states that had not been fiscally responsible during the war.
D) it would be easier to repudiate the entire debt and start with "a clean slate."
E) most southern states had already paid their debts and did not want to pay off the debts of others.