Our Money

 

Why is the dollar declining in value?

 

Today's American money is fiat money – that is, money backed only by the faith people have in the US Government's ability to pay its obligations. When the government pays its obligations, where does the money come from? It comes from you and me – the taxpayers.

When the US Government increases its debt, and increases entitlements, and increases all its other obligations, it weakens its ability to pay in two ways. First, it increases the total indebtedness of the US Government, and second, when taxes are raised to pay off this debt, it decreases the ability of the taxpayer – the true source of funds – to earn money to pay taxes.

Both of these things are happening right now, and the strength of our dollar is suffering for it.

 

How do we fix the problem?

 

First, we need to limit spending at the Federal level to ONLY what is Constitutionally permitted at the federal level. This would result in a significant decrease in federal spending.

Second, we need to take steps to return to the only system of money allowed by the US Constitution: one where each dollar issued is backed by precious metals – like silver and gold – held for deposit in the Federal Reserve.

By electing Christina Jeffrey to Congress, we will be sending a true conservative advocate for constitutionally limited government spending and a stronger dollar.