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The Reducing Barack Obama’s Unsustainable Deficit Act

Jobs are being lost everyday, the deficit continues to explode and the American people are angry.

It’s now been six months since President Obama moved into the White House and in that short time, we have seen all his economic policies fall flat on their face. The unemployment rate has skyrocketed to 9.5%, and the stimulus package has been defined by delays, fraud, and poor management.

Every day, I talk to Americans who are terrified about the path the country is going – the spending, the borrowing, the government intervention. That’s why we have introduced a bill that attempts to save the country from economic and fiscal disaster. It’s called the “Reducing Barack Obama’s Unsustainable Deficit Act” and it makes a much needed turn in the direction of fiscal responsibility.

On May 14th of this year, the President said, “The long-term deficit and debt that we have accumulated is unsustainable. We can’t keep on just borrowing from China, or borrowing from other countries…At some point they’re just going to get tired of buying our debt.”

While true, I think the American people are also getting tired of buying the President’s empty rhetoric.

To actually match word to deed, we have offered legislation to give Americans their money back. The first step is to cancel the spending portion of the stimulus package and recall the $460 billion that has not yet been spent. The money hasn’t gone out the door and we can still get it back.

The second step is to reclaim all unobligated TARP money so none of the remaining $150 billion can be wasted. The legislation then requires that all TARP money paid back must go directly to paying down the debt.

This simple measure will save taxpayers billions and help reduce this year’s projected $1.85 trillion deficit – by far the largest in U.S. history!

A lot of folks out there are saying they want their ‘change’ back, but the truth is Obama’s into us for a lot more than pocket change. And it’s clear buyer’s remorse has set in across this country. I, for one, think it’s time we get our money back.

COMMENTS

  • ghbraves

    Your devotion to fiscal sanity is appreciated. God bless!

  • nessa

    nt

  • JadedByPolitics

    which Democrats DON’T want to give the people back THEIR money and on the record. I hope you go back to your co-worker’s and let them know that the winning strategy for 2010 is SMALL GOVERNMENT!

  • http://www.marklaiminger.org Lammo

    as I’m sure they will, you need to wait one day and then reintroduce it. Do this each time they kill it. After about 5 or 6 times, take out full page ads across the country placing the blame for our economic misery exactly where is belongs – - on the congressional democrats and the Obama administration.

  • redneck_hippie

    5 stars for the name of and the intent behind the bill.

    And another 5 stars for being forthright enough to not irritate the American people with empty bipartisan rhetoric.

    The Democrats can either wise up and participate in saving our economy, or pay the consequences.

    BRAVO!

  • marshmom

    and much needed. Even if the dems oppose this, which I’m sure they will, we still need our voices represented, and we need a record of trying to stop the insanity. So, when someone finally bothers to ask who screwed the economy, we’ll have names. Kudos and keep it up, please!

  • http://www.ssce.net/Web-Articles/Web-articles-indexed-authors.html#authors-l JLenardDetroit

    since it has been long forgotten let me remind Republicans still around in Congress of the need to WORK ON DRAFTING “LINE ITEM VETO” CONSTITUTIONAL AMENDMENT language to get things going again on that and so many other Contract with America (original, a part 2?) items abandoned but NOT FORGOTTEN by us YOUR VOTERS/SUPPORTERS!!!

    Some will think, or whine, what does that have to do with any of this?!?! The sooner it is started (should have been done so many years ago) so it is READY/AVAILABLE for the next Republican President. It is ONE of the appropriate reminders to ALL AMERICAN VOTERS that Republicans are again on board with the Conservative agenda they forgot…

    another reminder:

    [from Conservative Candidates (the Diary)]
    the “Republican Revolution” of the 90′s was mis-labeled, it was really the “CONSERVATIVE Revolution” and it brought Republicans to power; likewise, it was the “Reagan Conservative” Revolution, not a Republican Revolution. Many Republicans forgot that along the way. That led the way for CINO Democrats to lie their way back into power, but it was a “Conservative” co-opted (read: they lied about their intent) that voters allowed themselves to be duped into. Republicans need to REMEMBER that! Conservatism did NOT lose Elections, bad Politicians (with R’s beside their name) did!

    MORE EXCUSES?

  • http://www.800cart.com Ron Robinson

    So why doesn’t this legislation have a H bill number yet?

    Nice title, but I’ll believe it when it has a bill number and co-sponsors, and a committee assignment.

    Looks like Hot Air to me. If he was serious, he would not have said much about it until he had at least 1 co-sponsor and had it set on the agenda with a committee assignment and a bill number?

    And let’s get real here – the bill title makes a nice press release, but it will not fly when trying to get opposition to sign on.

    Pardon me if I am skeptical.