Op-ed:

The US economy...sadly driven by debt and taxes

By: Diane Sori

Let's cut right to the chase...our government hasn't had any 'real money' in almost 80 years...ever since the days of FDR, when on March 9, 1933, Roosevelt declared the US federal government was bankrupt and insolvent. This led our country to begin dealing in debt...with only the type of payment terms varying.

Our monetary descent into today's $16+ TRILLION deficit started that day in 1933, and leads right up to today's fact that in NO way is there really a fiscal cliff for us to go over...there's only an extension of the payment plan to those we owe our country's financial survival to.

And what's making it worse is the fact that 41 years ago President Nixon officially took the United States off the Gold Standard. That in a nutshell contributed to the problems we face today for the bills currently being printed have no 'treasure' to back them up with...just worthless paper being used by 'We the People' to purchase things we really can't afford. And while Nixon felt he had to do this to protect the country and the US dollar against speculators, the truth be known was that at that time the US had incurred major deficits that couldn’t be financed through direct taxation of the people.

Direct taxation...the bane of every taxpaying American.

But to understand the concept of direct taxation on 'We the People' it first must be understood that our Founding Fathers did not trust government, let alone big government, to tax or do anything. They knew that government was, as Thomas Paine said in Common Sense, “a necessary evil and in its worst form an intolerable one.” So if government was a necessary evil it had to be as limited as possible without becoming anarchy, and if government was to be limited as was the intent of our Founders, then why would we need high taxes or direct taxes burdening the people? Think about it...too much money in the treasury would allow the exact opposite of limited, checked government because it would give the government too much power over the people. And our Founders wanted our government to use the least amount of money necessary to do what was supposed to be its limited functions NOT burden the people with so many taxes as to make their lives hard and unyielding.

And this is exactly what is happening today under this administration. Remember, when our country was founded the Founding Fathers espoused 'external taxation' (a tax placed on items coming into the colonies) to eliminate national deficits. Only when external taxation' failed to eliminate the deficit did 'internal taxation' (a direct tax added on to the price of goods purchased by the colonists) become authorized by Congress. And when such taxing of the people became necessary, they were taxed only as long as it took to eliminate the debt. Important also to know is that the people did NOT pay the federal government directly...they paid the states who in turn paid the taxes for them.

In fact, when James Madison discussed giving Congress the power to lay and collect taxes he stated, when “. . . a national revenue must be obtained; the system must be such a one, that, while it secures the object of revenue, it shall not be oppressive to our constituents.”

'NOT oppressive to the constituents'...hear that Obama...NOT oppressive...

And while throughout our nation's history our government has always spent money in ways our Founders never intended, it's 'We the People' that have always had to finance their spending through taxation that has indeed been oppressive. But NOTHING in our history has ever compared to the out-of-control spending done by the Obama administration with the worthless bills being printed and repaying IOUs to countries that are NOT really our friends just so they'll lend us more money, which makes NO sense at all.

And his solution to this is to tax 'We the People' even more.

And with Republican leaders like Speaker of the House John Boehner, who will probably capitulate on the issue of raising taxes (remember it's NOT just the rich who will have their taxes raised), “We the People' will be screwed even worse than we are now.

So I say lets stay in what amounts to bankruptcy, let our economy collapse, and lets rightfully lay it at the feet of Barack HUSSEIN Obama for this will be his legacy...'the man who raised taxes, destroyed the economy, saddled our children with an unpayable debt, and broke the spirit of the American people.'

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 Thanks, Joseph.  :)