The $22 trillion national debt is one of the biggest crises facing our country -- and the crisis our politicians are most likely to ignore.
But as an editorial on The National Review points out, some of these "leaders" have devised an excuse to not only ignore the national debt but to increase it.
...both the Left and Right have discovered a magic money tree in the form of a concept known as Modern Monetary Theory (MMT), an idea prominently promulgated by Bernie Sanders’s chief economic adviser, Stephanie Kelton, that is now being used to argue that lawmakers shouldn’t worry about the size of the national debt.
MMT essentially says that the government’s capacity to finance its debt is limitless. Since the U.S. government is the sole printer of dollars, it faces no binding revenue constraint because more dollars can always be printed. Therefore, the theory goes, the national debt is mostly a harmful fiction preventing us from having nice things such as “free college” or “free health care.” Yes, there might be a slight danger of inflation, but MMT advocates contend this can easily be contained through policies such as a $15 per hour job guarantee to stabilize wages.
Sounds responsible, right?
Unfortunately, politicians from both sides of the aisle are falling for this nonsensical "solution," and our children and grandchildren will be the ones to foot the bill.
It's time to force our officials in Congress to act like adults, make tough decisions, and cut the budget. It's time to call a Convention of States.
A Convention of States has the power to propose constitutional amendments that mandate a balanced budget, limit spending, and cut taxes. This complete package of amendments can force Congress to stop sacrificing the future of our country for today's political win.
If we're serious about getting our nation back on track, we must use the tools our Founders gave us and call a Convention of States.
Sign the Petition below to show your support!
