::I think you are misinterpreting this proposal. If no action was taken, any surplus would have been deposited into the Bank of the United States and made available for loans. Jefferson was still opposed to the bank at this time. [http://files.libertyfund.org/pll/quotes/38.html Here] is some context for the quote. It's all boasting about how he made the federal government smaller, less intrusive, and sounder financially. Of course, it's true that Jefferson was a man of many contradictions. After the federal government defaulted in November 1814 (a major event in American history that Obama claims never happened), Jefferson turned around on a lot of things. In fact, he basically adopted the Federalist agenda that he had spend so many years condemning. As President Madison (1809-1817) and other top [[Republicans (Jeffersonian) | Republicans]] were his followers, Jefferson ran the country for quite some time after he officially retired in 1809. [[User:PeterKa|PeterKa]] ([[User talk:PeterKa|talk]]) 14:23, 16 August 2015 (EDT) | ::I think you are misinterpreting this proposal. If no action was taken, any surplus would have been deposited into the Bank of the United States and made available for loans. Jefferson was still opposed to the bank at this time. [http://files.libertyfund.org/pll/quotes/38.html Here] is some context for the quote. It's all boasting about how he made the federal government smaller, less intrusive, and sounder financially. Of course, it's true that Jefferson was a man of many contradictions. After the federal government defaulted in November 1814 (a major event in American history that Obama claims never happened), Jefferson turned around on a lot of things. In fact, he basically adopted the Federalist agenda that he had spend so many years condemning. As President Madison (1809-1817) and other top [[Republicans (Jeffersonian) | Republicans]] were his followers, Jefferson ran the country for quite some time after he officially retired in 1809. [[User:PeterKa|PeterKa]] ([[User talk:PeterKa|talk]]) 14:23, 16 August 2015 (EDT) |