In a memo Thursday designed to rally his Republican caucus, House Speaker John Boehner invoked Abraham Lincoln's admonition about government debt:
Quoted Text
"Government debt is a system not only ruinous while it lasts, but one that must soon fail and leave us destitute. An individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow from – so must it be with a government.”
For some reason Speaker Boner left out the next line in Lincoln's speech:
Quoted Text
"We repeat, then, that a tariff sufficient for revenue, or a direct tax, must soon be resorted to; and, indeed, we believe this alternative is now denied by no one."
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I would agree with Lincoln on a direct tax(for national defense) but only if was to be paid with hard currency and not fiat currency issued by a private central bank with interest. Boner also didn't mention Lincoln's attempt to circulate government issued currency in the form of the Greenback. It ultimately cost him his life
I would agree with Lincoln on a direct tax(for national defense) but only if was to be paid with hard currency and not fiat currency issued by a private central bank with interest. Boner also didn't mention Lincoln's attempt to circulate government issued currency in the form of the Greenback. It ultimately cost him his life
Many knew better and that is why they hoarded all their silver and gold, even coppers were becoming scarce and that is why many made their own tokens
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
Boner also didn't mention Lincoln's attempt to circulate government issued currency in the form of the Greenback. It ultimately cost him his life
Sounds like something Glenn Beck would say! More Fractured Fairy Tails as History. Sure, why not! Kennedy was shot because he was going to introduce jelly beans as US currency.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Sounds like something Glenn Beck would say! More Fractured Fairy Tails as History. Sure, why not! Kennedy was shot because he was going to introduce jelly beans as US currency.
No, it was Gerald McGreer not Glenn Beck. Do you even know what the Greenback was?
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
I would agree with Lincoln on a direct tax(for national defense) but only if was to be paid with hard currency and not fiat currency issued by a private central bank with interest. Boner also didn't mention Lincoln's attempt to circulate government issued currency in the form of the Greenback. It ultimately cost him his life
That is a fair point. Taxes should only be on real money.
Government spending should be limited to spending only taxes actually collected.
The government should not be allowed credit, unless directly approved by the voters.
Speaker Boner left out the next line in Lincoln's speech:
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