James Smith Quote

“It is a general maxim that all governments find a use for as much money as they can raise. Indeed, they have commonly demands for more...I take this as a settled truth, that they will all spend as much as their revenue; that is, will live up to their income.”

~ James Smith

Massachusetts, during the debates to ratify the U.S. Constitution

Ratings and Comments

J Carlton, Calgary

And rather than ask the taxpaying public for necessary or justified funds, the government borrows it from the Federal Reserve which produces money out of thin air. Then the IRS comes collecting (with interest) on behalf of the Fed, whom they work for. In this way, the Government and the privately owned Federal Reserve are able spend / loan all they want and hand you the bill with no accountibility whatsoever. Making you a tax slave for life...in the Land of the Free...End the Fed. Restore the Republic.

Mike, Norwalk

Yet one more truth revealed as a basis to return to the constitutionally limited representative republic. The thieves say raise taxes to pay the debt; the free at heart say get rid of that which enslaves (2nd plank of the communist manifesto, property taxes, funny money, compelled compliance, licensing, victimless crimes, larceny at all levels, denial of individual inalienable rights, all that which is contrary to natural law, that which is unconstitutional, etc.)

E Archer, NYC

Carlton is right. We used to have the power to withhold financial support when we did not agree with the current administration's policies. The government would issue bonds to raise money, but if the people didn't buy them. then the govt was limited to what they could borrow. But with the creation of the Federal Reserve and the introduction of fiat currency (our currency now represents interest-bearing IOU's) the government no longer had to go to the People for money, they simply 'borrowed' it from the Fed and made a law that required everyone one to pay income taxes -- the taxes of which are to guarantee payment of the interest -- the principal cannot be repaid without removing the currency from circulation altogether. Man, are we screwed now! This is how nations become enslaved. Will we ever do something about this?!

jim k, Austin, Tx

Translation: The more you send the more they spend and it's never enough.


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