3 votes

To Borrow? Perceived Constitutional Dangers.

Brutus, NO. 8:

"...and it would certainly have been a wise provision in this constitution, to have made it necessary that two thirds of the members should assent to borrowing money..."

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Thanks for reminding me, I've

Thanks for reminding me, I've been meaning to read The AntiFederalist Papers. Or listen: http://archive.org/details/antifederalist_0707_librivox

Brutus had a good idea there.


When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.
Ron Paul: http://www.brainyquote.com/quotes/authors/r/ron_paul.html#1A...