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Entries in ALG (1596)

Saturday
Jul242010

ALG Statement on Announced $1.47 Trillion Deficit for 2010

July 23rd, 2010, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement in response to the White House's projection of a $1.47 trillion budget deficit for 2010:

"The announced $1.47 trillion deficit by the Obama Administration is just the latest insult to American taxpayers, who during these stressful economic times are scaling back their family budgets but watch helplessly as government dramatically expands without paying for it.  That money will have to borrowed through Treasury auctions, and what cannot be borrowed will simply be printed by the Federal Reserve, which already holds $777 billion in U.S. treasuries

"In the process, the government is chaining the American people, and future generations, to a mountain of debt that cannot possibly be paid back, and strangling any hope of growth or economic recovery.  The spending splurge is destroying hope of Americans who don't want more unemployment insurance, but instead want a job."

 

Saturday
Jul242010

ALG Praises Senate for Defeating $10 Billion States Bailout in War Supplemental, Calls for House to Pass Clean Bill

July 23rd, 2010, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement praising the Senate for defeating a House-passed version of the war supplemental that included $10 billion state education funding:

"The Senate has acted responsibly to defeat the House-passed version of the war supplemental that included a $10 billion political slush fund to bail out bankrupt states like New York and California.  These states simply refuse to make the necessary cuts to balance their budgets.  The $10 billion was set to go directly to the state teachers unions as a handout.

 "The onus is now on the House to pass a clean war supplemental prior to the August recess, when the Department of Defense will be forced to cut combat pay.  Defense Secretary Bob Gates has told Congress that failure to do so could result in a failure to pay active-duty military, and General Petraeus has called the supplemental 'essential for the conduct of this mission.' 

"Nancy Pelosi needs to stop playing politics with funding American troops in harm's way.  The nation's troops are not chips on a table for political horse-trading, and now is the time to stop holding them hostage to public sector union politics.  To do otherwise is tantamount to extortion."

Attachments:

Troops' Funding Held Hostage by Public Sector Union Politics, by ALG President Bill Wilson, June 28th, 2010.

"Driving Right Off the Cliff," by ALG President Bill Wilson, June 16th, 2010.

ALG Letter to Congress Against States Bailout, May 27th, 2010.

 

Friday
Jul232010

ALG Condemns Continued Efforts to "Intimidate and Silence the American People"

"This is the way organizations, media outlets, and elected officials attempt to silence legitimate dissent through its delegitimization.  We expect this from the Hugo Chavezes and Saul Alinskys of the world, not in America." —ALG President Bill Wilson.

July 22nd, 2010, Fairfax, VA—Americans for Limited Government President Bill Wilson today condemned statements by the NAACP and members of Congress who he said are "attempting to create a false perception of the tea party movement and any other citizen activists who dare to speak out against Barack Obama's radical agenda."

Wilson said the "true message of the tea party movement is against endless bailouts, it is against too much spending and too much control over health care, the financial sector, and energy.  It seeks to save America from the sovereign debt crisis and to restore the nation as the economic superpower of the world."

Wilson called the attacks against the movement "shameless" and that they were designed "to intimidate and silence the American people who wish nothing more than to return the nation to the tradition of constitutional government with limited powers."

"This is the way organizations, media outlets, and elected officials attempt to silence legitimate dissent through its delegitimization.  We expect this from the Hugo Chavezes and Saul Alinskys of the world, not in America," Wilson said.

"Ultimately, this is about control of Congress, and it is clear members of Congress will stop at nothing to discredit the primary threat to their keeping power, and that's the American people," Wilson added.

Wilson said the NAACP's claims were based on prior statements by elected officials, and said the organization "is being misled and used to help construct a false narrative about the tea parties."

Wilson pointed to House Majority Whip James Clyburn's claim that tea parties were a "kind of terrorism." Others have alleged that activists shouted racial epithets at members of Congress on March 20th at a protest against the health care bill, as reported by the American Thinker. Others have attested that acts of vandalism were linked to the tea parties.

"This has been Congress' tactic against the tea parties since they began in 2009," Wilson added, noting what he said were "consistent false portrayals of activists at tea parties and town halls throughout 2009 by Congressional Democrats."

Majority Whip Clyburn's attacks followed House Speaker Nancy Pelosi and Majority Leader Steny Hoyer, who wrote an oped in USA Today calling opponents "un-American". Congressman Steve Kagen called opponents "uncivilized," and Congressman Baron Hill called them "political terrorists."

Congressman Brian Baird called opponents of the legislation "Brown Shirts" and compared them to domestic terrorists, "Some of the rhetoric that we're hearing is… eerily reminiscent of the kind of things that drove Tim McVeigh to bomb the federal building in Oklahoma."

Wilson pointed to the bailouts of delinquent borrowers, Bear Stearns, AIG, GM, and Chrysler; the $150 billion nationalization of Fannie Mae and Freddie Mac; the $700 billion Troubled Asset Relief Program; the Federal Reserve more than doubling the money supply; the $862 billion "stimulus"; the government takeover of the financial sector; and the $2.5 trillion health care bill all as "the true motivation for this grassroots movement  that only wants to restore government to its primary, limited functions under the Constitution by eliminating the entitlement state."

Attachments:

"Dem Hour Energy," Cartoon by William Warren, July 22nd, 2010.

"Who are the Tea Parties?" by ALG News National Correspondent Rebekah Rast, video by Andrius Vaitekunas, April 21st, 2010.

"Remember Newt Gingrich?" by ALG Communications Director Rick Manning, July 18th, 2010.

"An American Revolution," by ALG News Senior Editor Robert Romano, April 15th, 2009.

"The Mad Tea Party," by ALG President Bill Wilson, July 15th, 2010.



Thursday
Jul222010

NRN - Must Reads for July 22, 2010

Americans for Limited Government President Bill Wilson's quote of the day is in reference to the signing of the Financial Takeover bill:

"Today, Barack Obama claimed that 'the American people will never again be asked to foot the bill for Wall Street's mistakes,' and yet that is exactly what the Dodd-Frank financial takeover will do — it contains a hidden tax to finance a perpetual bailout fund.

"This is taxation without representation. The Dodd-Frank bill authorizes the FDIC to levy without any vote in Congress an unlimited bank tax on bank holding and insurance companies with $50 billion or greater in consolidated assets, the costs of which will be passed on to consumers of financial products, savers, and investors, with more fees, higher premiums, and other hidden costs.

"The bank taxes, which the American people pay for, will finance a so-called 'orderly liquidation fund', which will be used to bail out politically-favored firms and seize disfavored ones, redistributing their assets to privileged constituencies, as GM and Chrysler were redistributed to labor unions.

"Since Obama is saying that bailouts and government takeovers will 'never again' occur, he bears responsibility for signing a bill into law that institutionalizes 'too big to fail' and ensures that the next time there is a crisis the American people will be on the hook, paying hidden taxes to fund more government interventions to prop up failing institutions, all without any vote in Congress."


Read more at NetRightDaily.com.

Thursday
Jul222010

ALG Statement on Obama Signing Financial Takeover Bill 

July 21st, 2010, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement in response to the signing of the Dodd-Frank financial takeover bill into law:

"Today, Barack Obama claimed that 'the American people will never again be asked to foot the bill for Wall Street's mistakes,' and yet that is exactly what the Dodd-Frank financial takeover will do — it contains a hidden tax to finance a perpetual bailout fund. 

"This is taxation without representation.  The Dodd-Frank bill authorizes the FDIC to levy without any vote in Congress an unlimited bank tax on bank holding and insurance companies with $50 billion or greater in consolidated assets, the costs of which will be passed on to consumers of financial products, savers, and investors, with more fees, higher premiums, and other hidden costs.

"The bank taxes, which the American people pay for, will finance a so-called 'orderly liquidation fund', which will be used to bail out politically-favored firms and seize disfavored ones, redistributing their assets to privileged constituencies, as GM and Chrysler were redistributed to labor unions.

"Since Obama is saying that bailouts and government takeovers will 'never again' occur, he bears responsibility for signing a bill into law that institutionalizes 'too big to fail' and ensures that the next time there is a crisis the American people will be on the hook, paying hidden taxes to fund more government interventions to prop up failing institutions, all without any vote in Congress."

Attachments:

"'Down a Rabbit Hole:' The Threat Posed by the Dodd-Frank Bill to the Private Sector," Updated June 28th, 2010, Americans for Limited Government.

"Big Brother is Watching You: The Threat Posed by the Dodd-Frank Bill to Privacy," Updated June 28th, 2010.

Letter to the U.S. Senate, ALG President Bill Wilson, April 26th, 2010.