Does the debt ceiling matter? From Ron Paul, former US Representative from Texas and former presidential candidate: If your teenage son or daughter maxed out their credit cards, would you give them money to increase their credit limit? Then why should the American people let Congress increase the Treasury Departments credit limit? Raising the debt ceiling is not necessary for the government to pay its bills. The debt ceiling increase is only necessary so Congress can keep racking up ever-increasing amounts of spending and debt, making it more likely America will face a serious economic crisis dwarfing the collapse of 2008 - complete with massive inflation caused by the Federal Reserves continuing monetization of federal debt. That is why Campaign for Liberty is fighting to get Congress to not raise the debt ceiling and instead finally cut spending. I think Mr Paul’s words are enlightening and should be heard by all Americans. President Barack Obama and Senate Majority Leader Harry Reid are duping the press and the American people by putting blame on the House and Speaker of the House John Boehner for trying to bring sanity to the economics of our federal government in the recent issue over the Continuing Resolution to fund the federal government. In the short term, Mr Obamas unwillingness to compromise or even to discuss ideas with the House Republicans has brought victory to the Democrats and they are now trying to blame the Republicans for shutting down a portion of government and causing the world to wonder if the US dollar can be trusted as the world currency. All of this is smokescreen for the real goals of President Obama and his administration (as well as of former administrations). The real goal is to beat the US into submission to a one-world government operating outside of our US Constitution. A huge step in that direction was the creation of the Federal Reserve, which is not a branch of our government but is a privately owned bank that loans money in the form of printed paper to our government in exchange for Treasury notes (promises to pay the money back with interest). The government doesnt pay down the loan but does pay interest. Someone (the stockholders in the Federal Reserve) is making lots of money off the American taxpayers and enslaving us to their power. The real issue in all of the above is: we need to audit and abolish the Federal Reserves control over our country and economy. In addition, while the President and Senate Majority Leader were refusing to compromise, negotiate, listen to ideas, or bring House bills to a vote in the Senate, American workers were furloughed from their jobs even though our lawmakers and executive were receiving their paychecks. At the same time, 16,000 new IRS employees were being paid to implement ObamaCare while employees in needed service areas were sent home. The House was calling for reforms that the President and Senate Majority Leader would not even consider or bring to a vote. The President threatened vetoes before legislation was even considered by the Senate. These self-serving attitudes and actions are contrary to the spirit of our US Constitution and our rule of law. I believe Americans must take issue with these leaders and replace them at the earliest opportunity by lawful means.
Posted on: Thu, 17 Oct 2013 15:29:47 +0000
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