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Tuesday, May 7, 2013

Why Does The Government Borrow Money?

Read the unvarnished truth about the debt and the stupid people doing it to us.
MAY 6, 2013 BY 

MINOT, NORTH DAKOTA — Why does the government have to borrow money? Doesn’t it have taxing power? Shouldn’t it be able to raise the money it spends as it spends it?
Of course it should, and of course it can. So, why doesn’t it?
It is time for this question to become the focus of a national debate on federal tax and spending policy.
Congress does not impose the taxes necessary to cover the spending because, if it did, the American taxpayers would revolt. For more than 50 years, the people we have elected and sent to Congress have been borrowing heavily to hide the truth of their irresponsible spending.

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