Deficit financing has been part of U.S. history from the very beginning. The Continental Congress put the country into debt in order to continue its fight for independence from Great Britain. As is done today, Congress issued bonds

What will be an ideal response?

in order to finance the country's war effort. There was considerable controversy after the war regarding the role of the new federal government in absorbing the debts incurred by individual states. Alexander Hamilton, secretary of the Treasury under George Washington, was prominent among those who believed that, by introducing greater flexibility into the money supply, a national debt had the potential to strengthen the economy and the country (chapter 16 page 366)