Posted on 03/23/2009 8:10:50 PM PDT by ksm1
So as you have probably read by now, Obama's proposed budget is huge. Frankly, this has gone from center-left social programs to an expansion of government that no country has seen before under peaceful conditions. US Treasury Bonds are sounding more and more like a Ponzi scheme every day.
This thread is about activism to oppose the budget. We are going to need letters to Congress, letters to editors, and most of all coordination on our part with each other. Below is a sample letter to Congress that I wrote up. If you can come up with something better, by all means please post. Some of you are also better connected than I am; please ping your friends and let them know.
I am writing to express deep concern over recent news reports on the proposed budget. As it is, the government has spent or plans to spend trillions of dollars on bailouts.
Whether or not the bailouts are good or bad is debatable; what is not debatable is that they amount to a massive increase in the national debt. If the budget plans to spend trillions more on social programs, no matter how well intended they are, the national debt is going to worsen further.
There is a limit as to how much debt that the government can afford. A big factor to the financial crisis was the completely mistaken belief that certain banks and institutions were "too big to fail." At the risk of sounding alarmist, I am concerned that the government is now repeating the mistakes of Wall Street by spending money that does not exist.
I strongly urge you to keep that in mind when considering the budget proposals.
...yeah, and before someone writes to me that “Wall Street” wasn’t the culprit, I know. The letter has been dumbed down so that Congressmen can understand it.
Just saw a snippet of Geithner on C-Span talking to the Wall Street Journal. He said, “people don’t understand how we got ourselves into this position....”
And then there was more “complicated...” “no easy fix” “impossible to explain to people” “must do unpopular things”...
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