20230511 - Liberty Minute

Let's talk debt vs. deficit
I'm Peter Serefine with another Liberty Minute.
The National Debt is like your credit card balance. It is the amount of money owed if you pay it off right now.
The National Debt Limit is like your credit limit. It is the maximum amount you are allowed to borrow.
The 14th Amendment says that the Public Debt shall not be questioned. It does NOT say that increasing the debt can't be challenged or questioned.
Every time we approach the debt limit, politicians on both sides say that we will default on our debt if we don't raise the limit.
That is only true if government keeps spending on everything they want.
Only two expenses are specifically authorized by the US Constitution, the Public Debt and National Defense.
Constitutionally, everything else is optional. Pay the debt payment and the National Defense expenses and budget what is left; no debt increase is needed.
Don't let politicians lie to you so they can keep spending your money with reckless abandon.
Please visit the shop at Liberty-Lighthouse.com and pick up a bumper sticker or a t-shirt.
Until next time, si vis pacem, Para bellum