Once when it could not meet foreign debts, and 4 times due to internal debts.

一次是外债还不起， 4次是内债。

To resolve this, Hamilton proposed to create a public debt, using debts incurred by the various states during the revolutionary war, which the federal government would assume if he could show the U.S could pay back its internal debt.

为了解决这个问题，汉密尔顿建议用独立战争期间各州所欠下的债务来创造公共债务，如果他能证明美国能够偿还国内债务，联邦政府就可以承担这些债务。