Friday, March 20, 2009

Can We Fire the Feds in Washington?

We learned a valuable lesson this week: when government officials are getting rabid over an issue and causing a ruckus in front of you, turn around and see what they are doing behind you. Turns out that on Wednesday of this week, while the federal government was in front of us rushing to distance themselves from the AIG mess and cry foul, behind us they were printing a trillion dollars so they could pay their debts. Problem is... putting a trillion dollars into circulation is going to cause a depression and hyper inflation, and that's best case scenario. Worst case is that our financial system is going to collapse. Putin is even saying that he doubts the American dollar has much value right now.

In the meantime, Obama is activating a grassroots campaign by sending his supporters around the United States to go door-to-door and encourage Americans to support his more than a trillion dollars budget. Folks, we can't afford his budget. Even if we agreed with his budgeted social programs (which we don't), it would be insane to approve a budget of this size at a time when we have more than a trillion dollar deficit. The Congressional Budget Office, a non-partisan office, is expected to announce today that we are a trillion dollars more in debt than originally calculated, bringing us to almost 3 trillion in the hole. And now we're supposed to support a budget that will add to that budget? We don't think so.,0,1486768.story

But wait... Fox News reported this morning that there is a "fast-track" provision in the Senate, relating to fiscal matters, that allows only 51 senators, instead of 60, to pass legislation. That means that not one Republican senator's vote will be needed to pass President Obama's budget if they decide to use fast track. Evidently, both Clinton and Bush used the "fast-track" provision during their administrations.

In other related news, we sent another letter to Harry Reid:

Words cannot adequately express my anger over the AIG debacle that is playing center stage in Washington right now. While I am not happy that AIG is using taxpaper money to pay executive bonuses, the brunt of my anger is directed at Washington politicians. We had no business bailing out any company and had we let AIG go into bankruptcy restructuring, the AIG contracts would have become void, making this current situation obsolete. But to make matters worse, as Washington usually does, the contract issue was part of the stimulus bill that just had to be signed before anyone could read it. Had it been read by you and your colleagues who voted for it, you would have been apprised of the bonuses and could have taken action at the time. Instead, we are trying to put out fires that should have never been smoldering; now we find that the arsonists are trying to also be the firemen.

Watching Washington politicians right now is like watching a room full of chimps throw their feces at each other in order to get rid of the stench, only to find out that it's all over their hands. On this particular issue, the only people who are clean are the Republicans who didn’t vote for the stimulus package.

Now it seems that Fannie Mae executives will be receiving bonuses some time this year. Are you going to be equally outraged over that? Why isn’t Barney Frank in the hot seat, or, better yet, in jail over the mess he and Chris Dodd helped create with the Fannie Mae/Freddie Mac failures? Neither Frank or Dodd are above the law and the treatment Liddy received in Senate hearings should be what Frank and Dodd receive. In fact, I think Congressman Lynch of Massachusetts needs to censured for his treatment of Mr. Liddy, a man who only makes one dollar a year for coming out of retirement to help the U.S. Government and American people. It's just like Washington politicians to turn on their own.

Furthermore, may I remind you that you are the person who said that Geithner’s tax problems were just a hiccup. Turns out that the hiccup is more like really bad indigestion. Geithner helped put together the bailout package for AIG and was well aware of the bonus provision in the stimulus package. Any time that integrity is discarded instead of being considered a necessary characteristic, the result is going to be what we're experiencing now with Tim Geithner.

Lastly, how DARE congress pass retroactive taxation legislation on the AIG executives. It's hard for me to believe that such an act is even constitutional, but even if it is, it certainly isn't ethical. The contract that you approved clearly stated that they should receive their bonuses. Where is your integrity, Senator? Does this mean that we can't trust your word any longer? How dare congress use taxation as a weapon. I'm sure that those executives don't feel that they had representation for their taxation, as is guaranteed by the constitution.

Thanks a lot, Senator, for being actively involved in creating this mess.


“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds.” -Samuel Adams-

"The Utopian schemes of leveling [redistribution of wealth], and a community of goods, are as visionary and impracticable as those which vest all property in the Crown. [These ideas] are arbitrary, despotic, and, in our government, unconstitutional." - Samuel Adams-

No comments: