I think if you check the letters of Marque and the history surrounding them. They authorized use on open waters as an official act despite being a private party. I may well be proven wrong on this point but I don't think that they were operating in Territorial waters.
FURTHER, the very fact that they needed the letter of indicated that that to the founding fathers and the constitution that their were limits to the amount of ordinance any private party could own/deploy.
I mean have a freaking arsenal of Assault rifles if you like. I enjoy what we keep on hand too. But would anyone really think someone has a right to a nuclear weapon?
So some may say that that is the only limit. But whether there or somewhere else, it does go to show that there are limits.
Freedom of speech has nothing to do with pornography. Freedom of speech is what we practice here and what we practice when we promote the ideas here (or on the DA DU).
Again, if you had polled the founding fathers and showed them the stuff that is trying to be held out there as "freedom of speech", you would get a resounding 99.99 percent "NO!!!". (If you survived the poll without getting shot.)