Will Grigg?s Liberty Minute

January 3, 2011

The government ruling us has an annual budget deficit of $1.3 trillion, and a debt ceiling of $14.3 trillion. Just a few weeks from now, the incoming Congress is expected to raise the debt ceiling, which has been more or less an annual ritual since the Nixon administration sundered the connection between the dollar and gold in 1971.

Austan Goolsbee, the Obama junta?s chief economic adviser, warns that it would be ?catastrophic? for Congress to refuse to raise the debt ceiling. Many Tea Party-connected congressmen are demanding a bargain in which they would vote to raise the ceiling in exchange for spending cuts. However, if they were genuinely in favor of reducing the size and cost of government, they would vote against raising the debt ceiling, which will make spending cuts unavoidable.

As long as the government is permitted to borrow money, it will continue to siphon wealth away from the productive sector. The sooner we cut up the Regime?s credit cards, the sooner real recovery can begin.

Let us take back the liberty wherewith Christ has made us free.