Only the federal government can coin money, regulate the mail, declare war, or conduct foreign affairs.
<span>Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus. The term may be applied to the budget of a government, private company, or individual.</span>
As Franklin said, "We must all hang together, or assuredly we shall all hang separately." Britain viewed signing the Declaration of Independence as an act of treason. Some of the signers were captured by the British and executed for treason, and others had their homes ransacked and/or burned, while others died fighting for their country during the Revolutionary War that followed.
