IOUSA New Film

Watch and learn…

This should be required watching. While I don’t agree with many of the solutions proposed, because they ALL imply a more powerful Federal government with much higher taxes.

I think that the filmmakers outline the problem crystal clearly. But, they miss the boat that solutions FROM the Federal government will die in committee. We do not have the discipline to do this. If one thing is clear from our history:  without force, our government cannot and will not change, no matter how good they sound on paper (or film).

The Founders understood this clearly. They constructed our government in such a way that States were intended to cover most social spending and the Federal government a very few other functions (CLICK HERE to read Madison from Federalist 45). The power to print money was put with the Federal government, not the States: so the States cannot chronically spend more than they take in. There is simply no hard stop to prevent the Federal government from eroding the monetary base because the power to spend on everything lies with the power to print money.

This must be separated back to the original Founders intent.