“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.” - Ron Paul

Small debts shouldn’t be feared, but enormous debt, like the trillions and trillions of dollars we are talking about here, should be. Anyone who tells you otherwise, is either a total freaking i d i o t who’s completely out of touch, or else they have an agenda.

“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”
- John Adams

“I wish it were possible to obtain a single amendment to our Constitution — taking from the federal government their power of borrowing.”
- Thomas Jefferson

“‘Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
- Barack Obama

“When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
- Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
- Ron Paul

“The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury…and has created out of nothing a … debt which the American people are obliged to pay with interest.”
- Wright Patman

“The one aim of these financiers is world control by the creation of inextinguishable debts.”
- Henry Ford

“I place the economy among the first and most important virtues, and public debt as the greatest of dangers.”
- Thomas Jefferson

- 450SUNDANCER

Related Posts:

• Here’s Section 714 of title 31 Section B that Ron Paul wanted to strike out entirely.
• It is a victory for the American people. Thank God for Ron Paul!
• Be Prepared for the Worst (Ron Paul)
• The deficit problems of Greece, California, Oregon, Arizona and all the States and their Pig counterparts is much bigger than most economists or writers add up.
• What one person receives without working for, another person must work for without receiving.

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