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To: EternalVigilance

OK, fine, on TARP...but MANY others supported it, too.

As far as Cut, Cap, and Balance, I supported it, it was the only realistic plan out there.

A sudden forced reduction of 40% on federal spending would have crashed the markets and economy far worse that they already did. And while possibly the best way to solve the problem, it would have been an electoral disaster for the GOP.


151 posted on 08/29/2011 9:08:16 AM PDT by RockinRight (The ObamAA+ Downgrade)
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To: RockinRight
Well, it's nice to see someone on this thread admit to the obvious facts that Perry supported TARP and raising the debt ceiling by $2.4 TRILLION dollars.

Both bills, of course, were totally wrong. TARP because there is no legitimate constitutional grant of power to take money from one group of people, the taxpayers, and hand it over to another more favored group, the bankers. "Cut, cap and balance" because it is immoral to rob our posterity of their God-given, unalienable right to government by consent.

"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."

-- Thomas Jefferson


158 posted on 08/29/2011 9:18:17 AM PDT by EternalVigilance (The first duty of all: Provide equal protection for the right to life of all innocent persons.)
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