We owe the government taxes. We owe our creditors interest. What do these powers owe us?
Sentiment: NEGATIVE
We owe our World War II veterans - and all our veterans - a debt we can never fully repay.
Besides, we had a large debt, contracted at home and abroad in our War of Independence; therefore the great power of taxation was conferred upon this Government.
In a world awash in debt, power shifts to creditors.
If the government can make money, what on earth does it collect taxes for you and me for? Why don't it make what money it wants, take the taxes out, and give the balance to us?
Yes, we can pay the interest on the debt. We can renew the $500 billion worth of bonds that are coming due. We can mail out our Social Security checks. We can make sure those Medicare claims are honored. We can pay our military. We can protect our veterans. But when you get beyond that, the soup gets a little thin.
Who is in charge? Is it taxpayers or is it the special interest groups?
Governments can inflate their way out of debt, but that has consequences, doesn't it?
I pay my taxes.
Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?
The Constitution grants only Congress - not the president - the power 'to borrow money on the credit of the United States.'