“The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates.” Federalist Paper #12
Our national debt has caused economic chaos beyond what most Americans can fathom.
Most of us realize this debt is unsustainable, but we do not realize the reason our economy is suffering. It is because money is scarce, it is moving too slowly, and the government’s source of revenue is itself, so it must print more dollars when the current source dries up.
In a letter to Samuel Kercheval, the author of our Declaration of Independence and 3rd President Thomas Jefferson wrote:
“I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom. And to preserve their independence, we must not let our rulers load us with perpetual debt.”
The government has loaded the people “with perpetual debt.” Jefferson is right; it is the people who fear the government today, when it should be the government who fear the people. That will only happen when WE the People elect only those who will actually defend the US Constitution and the inalienable rights given to us by God, as identified by Jefferson. We cannot allow our government to continue to load our posterity down with perpetual debt. Our continued freedom is depending upon our holding back this economic tyranny.