A Quote by Robert Toombs
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.
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Investment bankers do much of their business underwriting government bonds, in the United States and abroad. Therefore, they have a vested interest in promoting deficits and in forcing taxpayers to redeem government debt.
We had a large common domain, already added by the several States for the common benefit of all; purchase and war might make large additions to this common domain; hence the power over existing and future territories, with the stipulation to admit new States, was conferred.
Of all the powers conferred upon government, that of taxation is most liable to abuse.
When your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn't class warfare - it's patriotism.
We have got to accept Big Government for the duration-for neither an offensive nor a defensive war can be waged, given our present government skills, except through the instrument of a totalitarian bureaucracy within our shores. … And if they deem Soviet power a menace to our freedom (as I happen to), they will have to support large armies and air forces, atomic energy, central intelligence, war production boards, and the attendant centralization of power in Washington-even with Truman at the reins of it all.
My plan has all that. It's energy independence. It will help our economy. It's a significant tax cut for corporations, including automatic expensing. It's bringing all those profits home from Europe without any taxation. It's lowering our corporate - or our personal rate to 28 percent, the same rate that Ronald Reagan had.
The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.
I place economy among the first and most important virtues and public debt as the greatest dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
Our platform calls for a balanced deficit reduction plan where the wealthy pay their fair share. And when your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn't class warfare - it's patriotism.
As a conservative who believes in limited government, I believe the only check on government power in real time is a free and independent press. A free press ensures the flow of information to the public, and let me say, during a time when the role of government in our lives and in our enterprises seems to grow every day--both at home and abroad - ensuring the vitality of a free and independent press is more important than ever.
In its exterior relations - abroad - this government is the sole and exclusive representative of the united majesty, sovereignty, and power of the States, constituting this great and glorious Union. To the rest of the world, we are one. Neither State nor State government is known beyond our borders. Within, it is different.
I tried all in my power to avert this war. I saw it coming, for twelve years I worked night and day to prevent it, but I could not. The North was mad and blind; it would not let us govern ourselves, and so the war came, and now it must go on unless you acknowledge our right to self government. We are not fighting for slavery. We are fighting for Independence.
Virtually all student debt in the US is now held by the federal government. It would therefore be a relatively simple matter to forgive some, if not all of it. This would enable young people to transition much more easily into creating their own households and families. At the same time, if the government is going to enact a major program of student debt forgiveness, it should be at least equally committed to relieving the heavy mortgage debt burdens still carried by tens of millions of non-affluent households in the aftermath of the 2007-09 financial crash and Great Recession.
Our domestic problems are for the most part economic. We have our enormous debt to pay, and we are paying it. We have the high cost of government to diminish, and we are diminishing it. We have a heavy burden of taxation to reduce, and we are reducing it. But while remarkable progress has been made in these directions, the work is yet far from accomplished.
The formal granting of independence created a more Manichean system of dependency and exploitation, since for those who practice it, it means power without responsibility and for those who suffer from it, it means exploitation without redress. In the days of old-fashioned colonialism, the imperial power had at least to explain and justify at home the actions it was taking abroad. In the colony those who served the ruling imperial power could at least look to its protection against any violent move by their opponents. With neocolonialism neither is the case.
Barack Obama's policies can be summarized as omnipotence at home, impotence abroad. So, the federal government is expanding its powers at home over the private sector and over the lives of ordinary citizens. Abroad, Obama's working to undermine America's influence and power. If someone is trying to shrink America's influence, it doesn't necessarily mean you have to do it by doing nothing. You can also be vigorous like Obama who has been very active to achieve what has really been his consistent objective.
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