Fri. Nov 22nd, 2024

Freedom Federation Urges Balanced Budget, Debt Ceiling

money

money
National leaders signed a Freedom Federation letter Wednesday, which is being hand-delivered to all members of the U.S. Congress,
urging them to balance the budget and lower the national debt.

The
letter asks for four things: that the national deficit be cut now by
$500 billion, that spending caps be enacted, that there be no increase
in taxes, and that a balanced budget amendment be passed. The letter
states in part: “We believe that this is a moral, fiscal, and national
security imperative” which needs immediate attention.

“The
national debt is immoral and presents a clear and present danger to the
security of America,” says Mathew
Staver, founder and Chairman of Liberty Counsel. “We call upon the President and Congress to slash
the national debt. Time is of the essence, as the debt crisis is of
utmost urgency.”

This
letter is signed by national leaders of multiracial, multiethnic, and
multigenerational faith-based and policy organizations representing over
40 million people, who are united by one or more core conservative
values expressed in the Declaration of American Values.

Under
the principle of supply and demand, the world’s available loans are
being used at an unsustainable rate. As the supply of available finances
dwindles, the cost of each loan increases. Without the necessary supply
to accommodate the government’s incessant demand for capital, Congress
will be forced to print money, which will cause hyperinflation. Our
current trajectory indicates that we are headed toward a debt wall that
could be reached in as little as two years.

If
we do not take action now, Liberty says, the result will be inflation and excessive
interest rates that could cripple our nation. At the beginning of this
month, the average home holds responsibility for $122,043 in national
debt. Already this amount is costing the average American household an
astonishing $2,000 a year, according to Jim Toedtman with the AARP.

These are serious threats to each and every American, regardless of skin
color, location, or status. The organizations that comprise the Freedom
Federation and all its supporters propose that each of the four steps
outlined in the letter be taken immediately to promote our nation’s
financial future and security.

Related Post

Leave a Reply

Related Podcasts

More News
Isaiah Saldivar: What Christians Need to Know About Casting Out Demons
Isaiah Saldivar: What Christians Need to Know About Casting Out Demons
Evangelist Overcomes Violence and Jail, Continues Proclaiming Jesus
Evangelist Overcomes Violence and Jail, Continues Proclaiming Jesus
This Is Why Heavenly Rewards Are Not All Equal
This Is Why Heavenly Rewards Are Not All Equal
7 Powerful Tips for Aspiring Preachers
7 Powerful Tips for Aspiring Preachers
7 Things Christian Women Should Know About Walking in Faith
7 Things Christian Women Should Know About Walking in Faith
Demons and Paranormal Phenomena: L.A. Marzulli’s Spiritual Warning
Demons and Paranormal Phenomena: L.A. Marzulli’s Spiritual Warning
Amplifying God’s Light of the World
Amplifying God’s Light of the World
Disagree, but Keep It Holy: Here’s How
Disagree, but Keep It Holy: Here’s How
Diving Deeper in the Holy Spirit
Diving Deeper in the Holy Spirit
Dying to Self: 9 Promises to Help You
Dying to Self: 9 Promises to Help You
previous arrow
next arrow
Shadow

Latest Videos
76.8K Subscribers
998 Videos
7.6M Views

Copy link