limited availability in select markets. ♪ >> to pay for world war i, the president of the united states oversaw the creation of a borrowing mechanism known as the debt ceiling. >> that is just one of the many ways that we are still feeling the reverb racings of the presidency of woodrow wilson. it was wilson more than anyone that created, shaped and defined the way the president as we see it the pay presidents see themselves. the annual tradition of the president walking into the house chamber and delivering a state of the union address to a joint congress, wilson was the first to do that before john adams, be every that, it was a written message t. federal income tax, american military adventurism.