You think not. I respectfully disagree. The leaders of the various colonies, states, and ultimately the Founding Fathers themselves were steeped in biblical thinking. They drew from the Bible examples and looked for confirmation of ideas for government in Scripture. In a ten-year study undertaken at the University of Houston, researchers examined 15,000 documents from America's founders and determined that 34% of their quotations came from the Bible, the highest by far of any source. Furthermore, Founding Father and educator Noah Webster (1758-1843) had this to say: "The moral principles and precepts contained in the scriptures ought to form the basis of all our civil constitutions and laws. All the miseries and evils which men suffer from vice, crime, ambition, injustice, oppression, s***ery, and war, proceed from their despising or neglecting the precepts contained in the Bible."

It was natural for the early Americans to turn to the Bible for guidance as to how to make civil law. This was the standard for law beginning with the Mayflower Compact all the way through the constitutions of all 50 states. By the way, what was the stated purpose of the Pilgrims as expressed in the Mayflower Compact? Contrary to revisionist history, their purpose was not to find religious freedom—they already had found religious freedom in Holland. Their purpose is clearly stated as being for the "Glory of God and advancement of the Christian Faith." The Pilgrims were missionaries.

The first state constitution was the Fundamental Orders of Connecticut (1639). You may read this document at http://www.law.ou.edu/hist/orders.html. The framers of this document desired that every aspect of it be based on the Bible (See DeMar's America's Christian History, pgs. 57-58). This document was a model for other constitutions, including the U.S. Constitution which followed.

Biblical absolutes enshrined into law offered a consensus that meant freedom without chaos. One aspect of this is that, as stated in the Declaration of Independence, there exists "unalienable rights" of men. Rights were unalienable because they were given by God. This is very significant because in most societies up until that time (and indeed even today), rights are only conferred by whoever is in power at the time.

I have gone through some of our legal documentation having been designed by our forefathers. Here are a few, look them up for yourself:

Sovereign authority of God, not sovereignty of the state, or sovereignty of man Mayflower Compact, Declaration, Constitution, currency, oaths, mention of God in all 50 state constitutions, Pledge of Allegiance Ex. 18:16, 20:3, Dt. 10:20, 2 Chron. 7:14, Ps. 83:18, 91:2, Isa. 9:6-7, Dan. 4:32, Jn. 19:11, Acts 5:29, Rom. 13:1, Col. 1:15-20, 1 Tim. 6:15
Existence of objective moral values, Fixed standards, Absolute t***h, Sanctity of life Declaration ("unalienable" rights—life, etc., "self-evident" t***hs) Ex. 20:1-17, Dt. 30:19, Ps. 119: 142-152, Pr. 14:34, Isa. 5:20-21, Jn. 10:10, Rom. 2:15, Heb. 13:8
Rule of law rather than authority of man Declaration, Constitution Ex. 18-24, Dt. 17:20, Isa. 8:19-20, Mat. 5:17-18
All men are sinners Constitutional checks and balances Gen. 8:21, Jer. 17:9, Mk. 7: 20-23, Rom. 3:23, 1 Jn 1:8
All men created equal Declaration Gen. 1:26, Acts 10:34, 17:26, Gal. 3:28, 1 Pet. 2:17
Judicial, legislative, and executive branches Constitution Isa. 33:22 (See Madison)
Religious freedom First Amendment 1 Tim. 2:1-2
Church protected from state control (& taxation), but church to influence the state First Amendment Dt. 17:18-20, 1 Kgs. 3:28, Ezra 7:24, Neh. 8:2, 1 Sam. 7:15-10:27, 15:10-31, 2 Sam. 12:1-18, Mat. 14:3-4, Lk. 3:7-14, 11:52, Acts 4:26-29

Republican form of government and warnings against kings but in favor of Godly rulers

Constitution
Ex. 18:21, Dt. 1:13, Jud. 8:22-23, 1 Sam. 8, Pr. 11:14, 24:6
Importance of governing self and family as first level of governance First, Second, Ninth, and Tenth Amendments Mat. 18:15-18, Gal. 5:16-26, 1 Cor. 6:1-11, 1 Tim. 3:1-5, Tit. 2:1-8
Establish justice Declaration Ex. 23:1-9, Lev. 19:15, Dt. 1:17, 16:19-20, 24:17-19, 1 Sam. 8:3, 2 Sam. 8:15, 1 Kings 3:28, 10:9, Mic. 6:8, Rom. 13:4
Fair trial with witnesses Sixth Amendment Ex. 20:16, Dt. 19:15, Pr. 24:28, 25:18, Mat. 18:16
Private property rights Fifth Amendment Ex. 20:15,17
Biblical liberty, Free enterprise Declaration Lev. 25:10, Jn. 8:36, 2 Cor. 3:17, Gal. 5:1, James 1:25, 1 Pet. 2:16
Creation not evolution Declaration Gen. 1:1
Biblical capitalism not Darwinian capitalism (service and fair play over strict survival of the fittest) Anti-trust laws Ex. 20:17, Mat. 20:26, 25:14-30, 2 Thes. 3:6-15, 1 Pet. 2:16
Importance of the traditional family State sodomy laws, few reasons for divorce Ex. 20:12,14, Mat. 19:1-12, Mk. 10:2-12, Rom. 1:18-2:16, 1 Cor. 7:1-40
Religious education encouraged Northwest Ordinance Dt. 6:4-7, Pr. 22:6, Mat. 18:6, Eph. 6:4
Servanthood not political power Concept of public servant Ex. 18:21, Rom. 13:4, Php. 2:7
Sabbath day holy "Blue laws" Ex. 20:8
Restitution Restitution laws Lev. 6:1-5, Num. 5:5-7, Mat. 5:23-26

So that is my position with evidence. Now it is your turn, defend your statement with documents and facts.

Thank you

Everything you said is a lie. I've gone to TP rallies and it seems like more and more b****s are attending and there's even a few Hispanics, and Latino's also. The most r****t people are those who accuse us white folks of being r****t. The race card was never an issue until Obama became President. And Holder...I'm not even going to go there. You better have your facts together when posting such lies. We be believe in family values, God, lower taxes, small government, and of course adherence to the U. S. Constitution. And if that's r****t.....I'm numero uno baby.....Gunny

Q1: For taxpayers, is our “national debt” really a burden that must be repaid?
A1: No. For taxpayers, it is not a real debt. It’s a “Debt In Name Only”, a “DINO”-*

THE DINO IS NOT NOW AND NEVER WILL BE A BURDEN FOR TAXPAYERS. It is rather the buyers of newly-issued bonds who, in a virtual rollover, pay for redemption of mature bonds. In every auction, more bonds are demanded than are available. Auction winners get the safest, most liquid US dollar instruments; the losers are stuck with bank risk. If it were ever necessary, the Fed, with cost-free keystrokes, could increase the demand for bonds by buying a large slice of the DINO in the open market.

THE DINO WILL NEVER BE REPAID AND SHOULD NEVER BE REPAID. Only a budget surplus can reduce the DINO. Since Truman, every President has left office with an increased DINO and no annual budget surplus is now in sight. To supply enough risk-free securities used for trade collateral, insurance, pensions, bank reserves, etc., the DINO MUST GROW with the economy! Our world needs the DINO!

Every federal dollar spent and not retrieved by the IRS is saved by the private sector. Yes, Deficits = Savings! The Treasury has a “National debt” and the private sector has a “National asset”. The bad “Debt Clock” is also the good “Asset Clock”. Since, with our trade deficit, we export money, deficit spending is our economy’s SOLE source of savings! In fact, if large budget deficits don’t replace our vanishing cash, deflation will freeze our economy solid. Who would spend a dollar today if it would buy more tomorrow?

Our economy is suffering from acute anemia. Our (DINO + total bank deposits) / GDP ratio is less than half of China’s figure. Our M2 (money supply) / GDP ratio is half of Switzerland’s ratio and one fourth of Hong Kong’s ratio. To become and stay prosperous, we need to DOUBLE the DINO / GDP ratio to return it to the World War II level that was followed by 35 years of prosperity without harmful inflation.

Ine******y worsens the anemia. Most of our paltry money supply circulates among the rich who bribe Congress for estate laws to endow wealth to bribe Congress for laws that enrich the rich. Wealth is power and inherited wealth is inherited power: aristocracy, always the enemy of meritocracy!

Q2: Won’t the annual debt interest expense explode the budget?
A2: Some of the savers’ income returns as taxes. New bond issues finance the rest. As no physical resources are consumed and the money supply does not change, there is NO INFLATIONARY EFFECT. Much of the interest is added to the DINO, which needs it. For those reasons, CBO budget economists deal only with the “primary” budget, which excludes the unimportant annual debt interest expense.

Q3: Could savers make a “run” on US Treasury bonds?
A3: Yes, when savers can get risk-free returns from the Wall Street casino or from GM bonds, Illinois bonds, or Detroit bonds. Safety is not everything. Safety is the ONLY thing! That’s why the whole world relies on US bonds.

Q4. Could savers prefer another nation’s bonds?
A4. Yes, indeed! SAVERS WILL ALWAYS WANT THE SAFEST BONDS. And if another nation’s infrastructure and productivity become better than ours, its bonds could become safer than ours and we could then lose our bond-buyers. And that could happen if US v**ers let their DINO concerns stop the renewal of falling bridges, failing schools, creaking railroads, etc. Money can be printed, but infrastructure has to be built with real resources and time, which have no substitutes. We have 60,000 bridges in critical need of repair. There are over 50,000 dams that have to be removed. The entire power grid has to be put safely underground and brought up to date. Most of our schools are in need of repair and renovation. We are slipping into second world status. Worry about that!

Q5: Could foreign creditors refuse to buy US bonds?
A5: If exporters want to sell us their goods, they will have to accept our dollars. And if they stop selling us goods, twenty- five million Americans will get full-time jobs and start looking for cars and homes. But exporters will never stop selling us their goods! And, to earn some interest, they would be wise to trade their US dollars for US bonds.
Q6: Won’t we need higher income tax rates to pay for infrastructure?
A6: Congress NEVER asks the Treasury if can pass a spending bill. In effect, Congress writes a check that Treasury NEVER bounces. To finance a deficit, the Treasury auctions new bonds created out of thin air with keystrokes.

The only rational reason to restrict deficit spending is the onset of harmful inflation. Until then, Congress can
finance both the DINO’s annual interest payment and our much-needed infrastructure. Every day, you fill your sink with water AND you prevent it from overflowing. Why can’t Congress fill our economy with money by building infrastructure AND prevent harmful inflation? China builds 24/7 without harmful inflation. Why can’t we do that?

While a bank holding too many bad loans can certainly hold too many maturing CDs, our non-lending Treasury cannot hold too many maturing bonds unless its deficit spending causes harmful inflation. And that happens ONLY in a war or emergency requiring rationing. It NEVER happens during a recession. During prosperity, banks are ALWAYS the main cause of inflation, creating over $6 of credit for every $1 of deficit spending. To curb inflation, regulate the banks before stopping work on infrastructure projects!

Q7: How much should Congress tax and spend?
A7: Ideally, Congress should tax just enough to prevent harmful inflation and should spend almost enough to cause full employment (and therefore harmful inflation). Result: prosperity with low inflation.

Instead, bribed by Wall Street, Congress taxes as little as possible, enriching the rich, and spends as little as possible, impoverishing the rest of us by restricting deficits / savings. Just as quacks k**led George Washington by bleeding his “bad blood”, Congress is destroying our younger generations by reducing (possibly to zero!) our annual budget deficits / private sector savings increase / consumer demand. And, by bribing Congress to pass austerity budgets, the Wall Street charlatans are deliberately nursing a huge army of unemployed labor to suppress the wages and working conditions of the shrinking middle class.

Q8: How should one v**e?
A8: V**e only for someone who NEVER EVER worries about the DINO and who ALWAYS worries about people looking for work and drawing benefits instead of building infrastructure for their grandchildren.

Q9: “I have to balance my budget. Why doesn’t Congress balance its budget?”
A9: If you could legally print money in your attic, why would you balance your budget? You would only need to balance your desires against your family’s well-being. Congress only needs to balance full employment against harmful inflation. Why is something so simple so hard to see?
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The Q & A dialogue above is based on works by: (books cost about $10 at Amazon)

*Frank N. Newman, former Deputy Secretary of the US Treasury, recipient of the Treasury’s annual “Alexander Hamilton” award, author of “Freedom from National Debt” (Two Harbors Press);

*Francis X. Cavanaugh, US Treasury economist for over 30 years, author of: “The T***h about the National Debt”: Five Myths and One Reality” (Harvard Business School Press);

*Warren Mosler, economist, author of “Seven Deadly Frauds of Economic Policy” (Oxford U. Press);

*Dr. Stephanie Kelton, Chair of the UMKC Economics Department, at NewEconomicPerspectives.org.
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© 2014 Marvin Sussman All Rights Reserved. Permission granted only to copy entirely.