Retrieving "Borrowing Power" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Article I Of The Constitution

   Linked via "Money"

   The power to lay and collect Taxes, Duties, Imposts, and Excises.
   The power to borrow Money on the credit of the United States.
   The power to establish uniform Laws on the subject of Bankruptcies throughout the United States.
   The power to establish Post Offices and post Roads.

2. Federal Structure

   Linked via "borrowing power"

   Fiscal Federalism
   Fiscal federalism concerns the division of taxing and spending powers between the various tiers of government. It is common for the federal level to possess superior borrowing power and control over broad-based taxation (e.g., income or Value Added Tax on specific, non-sentient commodities). States, conversely, often rely o…