Uniform Bankruptcies?

Congress is also to establish “uniform laws on the subject of bankruptcies throughout the United States.”

It is beyond the scope of this blog to go into the different types of bankruptcies, but basically this process is used to help companies having financial difficulties. Unprofitable companies either die a natural death or “reorganize” to become more profitable. Up until now bankruptcy has been part of doing business in our capitalistic economy.

Now the federal government has gone beyond the scope of the Constitution and decided which companies are “too big to fail” by stealing billions of our tax dollars to bail out a select few rather than leave them alone to either fold or reorganize on their own. Rather than making the noble choice to refuse unconstitutional bailouts, these companies have allowed a terrible precedence—takeover of private industry by an administration determined to seize more and more power over We the People.

Whenever federal monies are “offered” to businesses, universities, public schools, organizations or individuals, there are always strings attached. By accepting federal money, the government sees the recipient as obligated or beholden to them and takes advantage of every opportunity to insert their bureaucratic tentacles where they don’t belong.

Although they will deny it, those in power believe the general populace is too ignorant to make our own decisions about anything. Either by misplaced good intentions or blind greed for unlimited power over their fellow Americans, they intend to make slaves of us all.

“Today, when a concerted effort is made to obliterate this point, it cannot be repeated too often that the Constitution is a limitation on the government, not on private individuals -- that it does not prescribe the conduct of private individuals, only the conduct of the government -- that it is not a charter for government power, but a charter of the citizen's protection against the government.” --Ayn Rand