Stop the Spending Now!
Stop the Spending Now!Inbox X
show details 6:47 PM (2 hours ago) |
Mathew Staver, Chairman Jack, Today, in an explosive report, Bloomberg News is exposing a highly secretive operation initiated by the Federal Reserve that typifies the secrecy, behind the scenes manipulation, and elitist condescension with which this administration is managing the American economy... “The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret… Add up guarantees and lending limits, and the Fed had committed $7.77 TRILLION [emphasis mine] as of March 2009 to rescuing the financial system...” While Congress and the White House were reporting that the Troubled Asset Relief Program (TARP) bail-out numbers were at the $700 billion level, SECRET loans that completely DWARFED the public numbers were offered at below market rates by the Federal Reserve to numerous banks whose executives were held to strict confidentiality! “The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy.” President Obama’s administration and the congressional regulatory committees were surely aware of this “shadow bail-out” that went on under the direction of Federal Reserve Chairman Ben Bernanke. They chose to completely circumvent the American people! http://www.lcaction.org/657/ ++The Obama/Reid game plan: Spend more and raise taxes.
PLUS, Congress will be asked for another Continuing Resolution Bill (unbelievably, we STILL don’t have an approved federal budget under this administration) that will enable the federal government to continue operating past December 16th – just a few weeks from now. This, in spite of the fact that the Congressional Budget Office (CBO) last week released a report that Obama’s prior $800 billion stimulus package added 0.9 million jobs in 2009, 3.3 million jobs in 2010 and 2.6 million jobs in 2011. That is a cost to taxpayers of approximately $130,000 per job! ++As William F. Buckley famously said, “The lunatics are running the asylum.” Yet leftists want to RAISE TAXES to offset spending. This insanity must not be tolerated! ++Government spending is out of control and unsustainable.
Honestly, these debt numbers are unconscionable! What will it take for liberal Washington lawmakers to get the picture? Liberty Counsel Action is calling on hundreds of thousands of citizens to insist that Congress “Stop the Spending Now!” Jack, this is a fiscal imperative! http://www.lcaction.org/657/ The Liberty Counsel Action petition states in part: We, the undersigned, demand that Congress break the cycle of fiscal insanity by stopping out-of-control government spending, borrowing, and printing ever more currency, which seriously devalues the dollar. Further, we are calling on Congress to stop any pending tax increases or consideration of new taxes or fees that ultimately raise Americans’ cost of living. We insist that Congress reject any increases in debt and spending and commit to saving our country from financial ruin and collapse. To that end, we insist that Congress create and pass a balanced budget. We are calling for strict accountability for each of our nation’s lawmakers. I urge you to take a moment to sign this petition. I expect the first hand-delivery to Congress to take place no later than December 16th, or as soon as we reach 50,000 signers. God bless you, P.S. America is facing economic collapse unless change comes quickly. Together, we must demand that Congress “Stop the Spending Now.” Click here to sign the petition: http://www.lcaction.org/657/ + + + + + + + + + + + + + + + + + + + http://www.lcaction.org/email. Liberty Counsel Action is a 501(c)4 organization. Gifts are http://www.lcaction.org/ Click here to be removed from this list or send a written request to: |
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