Addicted to Debt
Debt destroys. And the government just keeps adding to the debt and the destruction of our prosperity. That’s the dire message from Judge Andrew Napolitano, distinguished scholar in law and jurisprudence from the Mises Institute. Earlier this week, Congress ended the three-week government shutdown by handing President Obama a blank check to exceed $17 trillion in debt. Says Judge Napolitano, “The concept of debt is utterly destructive, because it has to be paid back. And it’s not paid back by the government, it’s paid back by individual taxpayers. The people that the government owes money to are not going to come and seize government property. The government is going to unleash its debt collectors on the rest of us. The IRS will seize our property if we don’t pay in a timely manner.” Tune in to Judge Napolitano in this episode of “The Mises View,” as he elaborates on how our government destroys prosperity.
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