Does Congress have the authority to lend or give money?The Constitution (Article I, Section 8) states that [only] Congress has the right to Tax and Spend Money. The Federal Government only has powers that are granted to it by the Constitution. If a specific power is not granted in the Constitution, it remains a power of the State or the People. This is a topic of the "Enumerated Powers" Article.
In this Article, we will concentrate on the power to "spend". When you go to the store and spend money, you get something in equal or more value in return. This is what we call "quid-pro-quo" (a favor or advantage granted or expected in return for something). Nowhere in the Constitution does Congress have the power to Lend or Give money to any person, city, county, state, business or foreign country! Congress is constantly violating the Constitution which results in astronomical debt and resultant inflation. Note that all this unnecessary borrowing comes from China, our sworn enemy. Every elected official swore an oath to protect and defend the Constitution. Not doing so is Treason!
We heard about Vice President Biden threatening to withhold money from the Ukraine if they didn't stop investigating his son for criminal activity. Yes, this was quid-pro-quo, but only Congress has the power to spend money, not the President or Vice President. Treason?
The debate over "giving" money has been going on since the 1800's. Notably, David Crockett gave a speech before the House of Representatives on the topic. His speech was entitled: Not Yours to Give circa 1828.
The United States first began giving foreign aid in 1947: The first major act of foreign aid arrives with the Marshall Plan. Following World War II, the U.S. funded over $13 billion to assist in the reconstruction of Europe. This plan also led to the development of the World Bank, IMF (International Monetary Fund) and the United Nations. This, too, was unconstitutional.
Congress must not follow the unconstitutional lead of Senator John Glenn: Speaking of the Senate, on July 16, 1996, Senator John Glenn (D-OH) said, "Americans just want us to... not be concerned if they can be constitutionally justified... Why, if we had to do that we could not pass most of the laws we enact around here." Another quote from the referenced link: "If I only voted for things that are constitutional I wouldn't be re-elected."
So, what does this mean? This means that bailouts, stimulus money and loans from the Federal Government are unconstitutionally! This has to stop now!
Here's a short list of "lending" and "giving" that should be stopped immediately:
- Stimulus Plans - Prevent unconstitutional lockdowns instead.
- Company Bailouts - Let them use the Constitutional bankruptcy laws instead.
- Federal Grants - Encourage Businesses and People to contribute money to these causes and make the donations tax deductible.
- Fannie Mae and Freddie Mac - Get loans from banks, not the Federal Government.
- Student loans - Reduce the cost of education by requiring them to get loans from banks.
I have written my elected congress critters on this critical topic, but have received no responses. Mass recalls?
RESOURCES
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