THE GLUE THAT WILL HOLD THE UNION TOGETHER AND PAY OUR DEBTS; OUR FOUNDING FATHERS GAVE IT TO US. CONGRESS AND THE NEWS MEDIA SHOULD STOP THE NONSENSE!
ARTICLE 1, SECTION 8, OF THE CONSTITUTION GIVES CONGRESS THREE BOTTLES OF GLUE: the power to tax, the power to borrow; and most important, the power to create new money and regulate the value thereof;… WHY SHOULD WE BORROW MONEY FROM CHINA THAT THEY CREATED WHEN WE CAN CREATE OUR OWN?
Article 1 – The Legislative Branch
Section 8 – Powers of Congress
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
*** To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; WHY NOT USE THIS LEG OF A THREE-LEGGED STOOL TO SOLVE AMERICA’S ECONOMIC PROBLEMS? WHY USE ONLY A TWO-LEGGED STOOL? TRY SITTING ON A TWO-LEGGED STOOL, STUPID!
Congress should authorize the Treasury Department to create new money each year to fund the building and re-building of the infrastructure; and give each state new money to fund new programs. The states gave up their power to create money when they joined the union. New money to the states, Social Security, and Universal Health Care are the glue that will hold the union together. New ideas will make it come true.
The economic assets of America consists of more than one year of GDP or GNP. The economics assets of America are more like 213 trillion dollars. Multiply 14.6 times 14.6 that will give you a more accurate number. The total assets of the Federal Government is a quadrillion dollars. The deficit is a National Joke of small minded people.
YOUR MONEY IS DEVALUED WITH A PRICE MARKER, NOT BY CREATING NEW MONEY TO CREATE NEW JOBS. INFLATION IS AN EUPHEMISM FOR THEFT.
REACH JIM CARROLL 865-470-2610 Visit http://www.internetfreepress.com