A vote is expected today on Obama’s $825 billion economic stimulus package (H.R. 1). Check out this list of 200 Economists who are opposed to this bill, something neither Obama or Congress wants you to see.
All Americans who are concerned over the fiscal irresponsibility of Congress and the inflationary effects of its trillion dollar deficits, trillion dollar bailouts, and trillion dollar stimulus package, MUST contact their representative immediately in opposition to H.R. 1, the economic stimulus package.
“There is a lot of stimulus and growth in this bill – that is, of government. Nothing in this bill stimulates the freedom and prosperity of the American people. Politician-directed spending is never as successful as market-driven investment. Instead of passing this bill, Congress should get out of the way by cutting taxes, cutting spending, and reining in the reckless monetary policy of the Federal Reserve.”
- Congressman Ron Paul
Rep. Ron Paul issued a statement yesterday regarding this bill which makes it clear what type of bill it is and some of the reasons why we must oppose it. Here are some highlights:
- “In reality, this bill is just an escalation of a government-created economic mess. As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate….. We are again being promised that its passage will help employment, help homeowners, help the environment, etc. These promises are worthless. This time around especially, Congress should know better than to pass anything of this magnitude without first reading the fine print.”
- “At least $4 billion is allocated to expanding the police state and the war on drugs … and the COPS program, both of which are corrupt and largely ineffective programs.”
- “To help Big Brother keep a better eye on us and our children, $20 billion would go towards health information technology, which would create a national system of electronic medical records without adequate privacy protection.”
- “$79 billion bails out states that haphazardly expanded their budgets during the bubble years, but refuse to retrench and cut back, as their taxpayers have had to, during recession years.”
- “Of course the bill is rife with central planning projects.”
- “This bill delivers an additional debt burden of $6,700 to every American man, woman and child.”
- “There is a lot of stimulus and growth in this bill – that is, of government. Nothing in this bill stimulates the freedom and prosperity of the American people. Politician-directed spending is never as successful as market-driven investment. Instead of passing this bill, Congress should get out of the way by cutting taxes, cutting spending, and reining in the reckless monetary policy of the Federal Reserve.”
The bottom line is that Americans need to help preserve their freedom and prosperity by opposing this nearly trillion dollar economic stimulus package.





