-- Tom Hoefling
"Debt, both public and private, is the bane of liberty. It drives nations and men to poverty and despair. We should be fighting it like the plague it is, instead of passing it along to our children and grandchildren."
-- Tom Hoefling
"The way I see it, there are the RepubliCANs and the RepubliCAN'Ts. The RepubliCAN'Ts say that they can't fight Barack Obama and the Democrats on anything, that they can't do anything about the abortion holocaust, or the homosexual agenda which is destroying marriage and the natural family, or the out-of-control judges, or the out-of-control spending and debt creation, or our out-of-control borders. RepubliCANs not only know that we CAN do something about those things which are destroying our country, but that we MUST, before it is too late."
-- Tom Hoefling
"It is incumbent on every generation to pay its own debts as it goes."
-- Thomas Jefferson
"When our supposed representatives continue to spend borrowed money, money that this generation cannot possibly repay, they are enslaving our grandchildren economically. They are robbing them of their God-given, unalienable right to government by consent. And remember, these are all representatives who have been required to swear a sacred oath to support and defend the Constitution of the United States, a document whose highest stated purpose is 'to secure the Blessings of Liberty to Posterity.' What they should be securing, they are obliterating."
-- Tom Hoefling
"Politicians and bureaucrats in Washington, DC don't protect anyone. That is done by men with guns in the field. They don't produce any food, or a single gallon of drinkable water. They don't educate a single child. They don't provide any "health care." They don't care for one person when they're old or sick. They don't preserve or protect any forest or the environment. They don't build or maintain even one road. They don't transport one load of goods even one mile. They don't produce a single BTU of usable energy, or dig any resource out of the ground. They don't create any real productive capital. But they sure do a fine job of sucking up most of the resources, loading us and our posterity with crushing debts we cannot pay, and hamstringing those who have dedicated their lives to actually doing all of the necessary things mentioned above."
-- Tom Hoefling
Provided courtesy of CTMSR.com
Terence P. Jeffrey
The Republican-controlled House of Representatives, which took office in January 2011, has enacted federal spending bills under which the national debt has increased more in less than one term of Congress than in the first 97 Congresses combined.
In the fifteen months that the Republican-controlled House of Representatives--led by Speaker John Boehner--has effectively enjoyed a constitutional veto over federal spending, the federal government’s debt has increased by about $1.59 trillion.
Article 1, Section 9, Clause 7 of the Constitution says: “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law.” A law appropriating money cannot be enacted unless it is approved by the House.
The approximately $1.59 trillion in new debt accumulated since the Republican-controlled House gained a veto over federal spending legislation is more than the total increase in the federal debt between 1789, when the first Congress convened, and October 1984, when the 98th Congress was nearing the end of its second session.
Rep. Frederick Muhlenberg of Pennsylvania served as speaker in the first Congress. Rep. Tip O’Neill of Massachusetts served his third term as speaker in the 98th Congress.
When Boehner became speaker on Jan. 5, 2011, the federal government was operating under a continuing resolution that had been passed on Dec. 21, 2010 by a lame-duck Congress. That CR expired on March 4, 2011.
On March 1, 2011, Boehner agreed to a new short-term spending deal with [Alleged] President Barack Obama and Democratic congressional leaders to keep the government running past the March 4, 2011 expiration of the old CR. Since March 4, 2011, federal expenditures have been carried out under a series of CRs approved by both the Republican-controlled House and the Democrat-controlled Senate and signed into law by [Alleged] President Obama.
At the close of business on March 4, 2011, the total federal debt was $14,182,627,184,881.03, according to the Treasury Department's Bureau of the Public Debt. At the close of business on May 31, 2012, it was 15,770,685,085,364.14. That is an increase of $1,588,057,900,483.11—in just 15 months.
All of the debt accumulated by the federal government throughout the history of the country did not exceed $1.588 trillion until October 1984.
Under the Republican-controlled House, the federal debt has been increasing at an average pace of about $105.9 billion per month.
Frederick Muhlenberg served two non-consecutive terms as speaker--in the first and third Congresses. At the end of the first Congress, in 1791, the total debt of the federal government was about $75.5 million, according to the U.S. Treasury.
Tip O’Neill served as speaker in the 95th through 99th Congresses, from 1977 through 1986.
At the end of September 1984, during the 98th Congress, the total national debt was approximately $1,572,266,000,000.00, according to the Treasury Department’s Monthly Statement of the Public Debt for that month. At the end of October 1984, it was $1,611,537,000,000.00, according to the Monthly Statement of the Public Debt.
"You cannot bring about prosperity by discouraging thrift. You cannot help small men by tearing down big men. You cannot strengthen the weak by weakening the strong. You cannot lift the wage-earner by pulling down the wage-payer. You cannot help the poor man by destroying the rich. You cannot keep out of trouble by spending more than your income. You cannot further the brotherhood of man by inciting class hatred. You cannot establish security on borrowed money. You cannot build character and courage by taking away men's initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves."
-- William Boetcker
"There are two ways to conquer and enslave a nation. One is by the sword and the other is by debt."
-- John Adams, 1826
"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
-- Thomas Jefferson, letter to John Taylor, 1816
"[With the decline of society] begins, indeed, the bellum omnium in omnia [war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression."
-- Thomas Jefferson to Samuel Kercheval, 1816
"To preserve independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers."
-- Thomas Jefferson, to Samuel Kercheval, 1816