Congress should not support SBA 'microloan' program

Congress should not support SBA 'microloan' program

"Don't people realize what they are doing when they accept unconstitutional grants, loans and money from the federal government? Since there is no money in the people's treasury, every penny unconstitutionally appropriated is added to the national debt through borrowing by Congress. That $35,000 SBA microloan has to be borrowed from the privately owned "Federal" Reserve Banking System."

Yes, and it is the major reason I never applied for one- in college or business.

Devy Kidd continues with this example:

Congressional Record, House, Sept. 29, 1941, page 7582, comments by Congressman Wright Patman regarding what he called "an idiotic system" (the Federal Reserve):

Now take the Panama Canal bonds. They amounted to a little less than $50 million ? $49.5 million. By the time they are paid, the government will have paid $75 million in interest on bonds of less than $50 million. So, the government is paying out $135 million to obtain the use of $50 million.

Everyone has to make their own decisions about what they will and will not do, but when the time comes, and people are asked, the following response, "I did not know." will not be acceptable.

--WP