That reason is, that that is the only means by which the government can be kept within the limits of the contract, compact, or constitution, by which the whole people agree to establish government.
Spooner explains that a veto is essential to keep government actions within agreed limits.
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They cannot claim or expect that the whole people shall practise the folly of taking on trust their pretended superior knowledge, and of committing blindly into their hands all their own interests, liberties, and rights, to be disposed of…
Therefore all their laws, as they call them,--that is, all the laws of their own making,--have no color of authority or obligation.
They were even allowed to grant pardon to criminals, and to correct by their clemency the rigors of justice.
The presumption clearly is that all were eligible.