Topic: National Debt
Letter to Senator Saxby Chambliss (R-Ga) Who Voted Yes to Bailout You can save the banks that are failing, or you can save the dollar. But you can't save both. - Congressman Ron Paulby Heather Saarela
(libertarian)
Thursday, October 2, 2008
Dear Mr. Chambliss,
I believe this bill is NOT treating a symptom of the problem as you say. This bill is more of how we got into the problems we're currently in. It is applying the same band-aids to an already gushing wound postponing an even greater threat to our economy and the dollar and Congressmen like you seem not to understand this.
True, as a young adult I've seen much less than you have. However, I do still have a moral compass in tact and I would venture to say you have lost yours along the way.
"We are mortgaging the future of our children and grandchildren at record rates, and that is not only an issue of fiscal irresponsibility, it's an issue of immorality." - David Walker, former Comptroller General of the United States (Speech to Birmingham Rotary Club, Jan. 9, 2008)
This bill is exactly what I heard conservative Georgia Rep. Paul Broun call it a "Cow patty with a marshmallow".
Even with the additions you have mentioned, it is essentially robbing the American people and it's wrong and you know it. No amount of your rhetoric will convince me and many other concerned Americans otherwise. This is an illegal action and Congress has no authority under the Constitution to use public funds to bail out private banks.
"The Emergency Economic Stabilization Act" as you say, "is crafted to address the crisis; restore security for the American taxpayer; and return our nation to the strongest economic power in the world. And in the process this bill enables us to root out and punish those who cheated us all."
This is punishing the people not at fault not those who are at fault!!
You should vote with your conscience again Senator Chambliss. There are other ways to solve this problem like liquidating the debt and allowing the market to correct itself by adjusting prices lower not trying to keep prices up!
Yes, it would be painful for a year, but much better than decades of indebting future generations and destroying the dollar.
"You can save the banks that are failing, or you can save the dollar. But you can't save both." - Congressman Ron Paul
Concerned, Heather Saarela, GA
Did you like this article? If you did, Thumb It! 20 thumbs so far
The views expressed in this
article are those of Heather Saarela only and do not represent
the views of Nolan Chart, LLC or its affiliates. Heather Saarela is
solely responsible for the contents of this article and is not an
employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.
Want to comment on this
article? Leave your comment here. Your email address is
required to track your comment. However, we will neither
publish your email address nor distribute it to other
organizations or persons. The only reason we might use
it would be if we needed to contact you regarding your
comment. All comments are subject to our
terms of use policy.
