No bond is going to be able to regulate your state from Washington D.C. because they don't live there. They don't understand it. And then when you start talking about controlling the purse strings, Congress doesn't control the purse strings anymore. There's zero chance we can control the purse strings. And now I'm going to get into a little bit of the weeds here a second, please. But do you know how most states, you know, most, not most states, states have, have to balance their budget. (1:00:16–1:00:21)
CLAIM
Asserts that Congress no longer controls the federal budget effectively.
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