“The time is now near at hand which will probably determine whether Americans are to be freemen or slaves, whether they are to have any property they can call their own, or whether their houses and farms are to be pillaged and destroyed and they consigned to a state of wretchedness from which they cannot be delivered. Our cruel and unrelenting Enemy leaves us no choice but a brave resistance or the most abject submission.”

- General George Washington (Address to the Continental Army before the Battle of Long Island)

“I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government; I mean an additional article taking from the Federal Government the power of borrowing. I now deny their power of making paper money or anything else a legal tender.”

- Thomas Jefferson

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

- Senator Barack Obama (2006)

With the recent budget battle going on in Congress, and the unbelievable amount of debt that our Federal Government has allowed to accrue for our country – thankfully, it seems like the majority of American citizens have come to the conclusion that Congress can no longer be trusted to borrow responsibly against the credit of The United States; and therefore, seem to be on board with getting a Balanced Budget, Constitutional Amendment through Congress, and sent to the states for ratification – where 3/4s of the states will be required to ratify it, for the Amendment it to be written into our Constitution.

I am of the opinion that, unless Congress is willing to endorse this Amendment, and send it to the states for ratification, that, no further increase in our national debt should be allowed. The American people, our country, and future generations, need to be assured that, God-willing, we can get out of this mess, that unprincipled politicians will not be able to bring us to this point again in the future.

Sadly, the sticking point with most Democrats always seems to be a desire to raise the marginal tax rates on income earners. I am one that absolutely believes that our Federal Government does not have a revenue problem, but, rather, an out of control spending problem.

That said, while there is no doubt, that, tax increases, on a micro-economic scale, will hurt families and businesses, and would be bad for an already suffering economy, on a macro-economic scale, if our Federal Government borrows more money, the interest on the current debt will also continue to compound, interest rates on borrowing may go higher, and who will be expected to pay off this debt in the future? The American people and our taxes! Also, if we are able to prevent Congress from raising taxes, and borrowing more money, The Federal Reserve can, and may very well, fire up the printing presses, and further inflate our currency – which steals from our savings, and is tantamount to a national sales tax, as prices on goods and services will continue to rise.

Therefore, imho, if we are to focus solely on the marginal tax hike issue, that is not looking at the BIG picture. While, I am not, and would not, advocate for any tax hike, if we are forced to choose between the lessor of the three evils: more borrowing, more currency printing, or tax hikes, a marginal tax increase, quite honestly, may be the lessor of those three evils; as more inflationary printing, and borrowing, likely, would only serve to further stagnate our economy, and bring us even closer to fiscal insolvency.

Sure, we can stop taxes from being raised, and, we can hopefully stop the borrowing, but, without an act from Congress, how do we get The Federal Reserve to stop flooding the market with more monopoly money?

GOD help us!

It is often said that, modern politics, and political ads, over the recent decades, in The United States, has gotten uglier then ever before. Do you believe that to be true? If so, please think again:

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via ReasonTV

Below is President Ronald Reagan’s First Inaugural Address:

This is a Great Speech!
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“It is my intention to curb the size and influence of the Federal establishment and to demand recognition of the distinction between the powers granted to the Federal Government and those reserved to the States or to the people. All of us need to be reminded that the Federal Government did not create the States; the States created the Federal Government.”

- Ronald Reagan (First Inaugural Address)