03/31/09

BARRETT INTRODUCES TEA ACT

Hat Tip: Kim Priestap – Wizbang

Taxpayer Empowerment and Advocacy Act Inspired by Modern Day Tea Parties

Protesting Washington’s Wasteful Spending

WASHINGTON, D.C. – U.S. Congressman J. Gresham Barrett (SC, 03) introduced today the Taxpayer Empowerment and Advocacy Act, or TEA Act for short. This bold legislation was inspired by the more than two hundred modern day Tea Party protests being held around the country. Congressman Barrett’s legislation aims to save taxpayers more than half-a-trillion dollars over the next five years.

“We are facing serious economic challenges. Here at home in South Carolina, the unemployment rate is 11%. We all know someone who has been personally affected by these tough times. Many are looking to Congress for answers. But, the so-called solutions coming from the Washington Democrats all call for more spending, more borrowing and more taxes.

“The President’s budget increases taxes by nearly $2 trillion, doubles the national debt in less than six years and spends $4 trillion this year alone. And who can forget all the wasteful spending in ‘stimulus bill’ – $50 million for the National Endowment of the Arts, $300 million for green golf carts and $30 million to protect the San Francisco Harvest Mouse? Just to name a few.

“Taxpayers have had enough. Across our state and across this country they are gathering together to voice their displeasure. Inspired by our nation’s early patriots, thousands of taxpayers are gathering at hundreds of modern day “tea parties” to protest Washington’s wasteful spending, the Democrat-written stimulus package, the housing bailout and President Obama’s budget.

“I want the people of South Carolina and our nation to know that I’ve gotten the message, and that is why I am introducing the Taxpayer Empowerment and Advocacy Act – or the TEA Act for short. Over the next five years, the TEA Act will save taxpayers over half-a-trillion dollars by reducing spending, restricting the growth of government and strengthening the definition of ‘emergency spending’ to prohibit abuse. I am confident that this bold initiative will set Congress on a new, more accountable course and protect the taxpayers’ best interests.”

The TEA Act holds discretionary funding for the 2010 fiscal year below the enacted 2009 fiscal year level. Additionally, the bill restricts government growth for 2011 to 2014 to the rate of inflation, initially reduces by five percent all existing mandatory spending programs (excluding Social Security and debt service), decreases the interest of the federal debt, strengthens the definition of “emergency spending” and authorizes Pay-As-You-Go for new mandatory spending programs.

The TEA Act will be referred to the House Budget and Rules Committee for consideration.

TUNE IN: Congressman Barrett on Fox News Channel’s ‘Your World with Neil Cavuto’ Today

WASHINGTON, D.C. – U.S. Congressman J. Gresham Barrett (SC, 03) will appear on Fox News Channel’s ‘Your World with Neil Cavuto’ today at approximately 4:35 p.m. EST to discuss the TEA Act (Taxpayer Empowerment and Advocacy Act) which he introduced this morning.

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B.J. Boling

Communications Director

The Office of Congressman J. Gresham Barrett

864-934-8462 (m)

803-649-5571 (o)

803-648-9038 (f)

[email protected]

www.barrett.house.gov

http://twitter.com/BJBOLING

Emily Tyner

Press Secretary

The Office of Congressman J. Gresham Barrett

#202-225-5301 (o)

#202-225-5359 (m)

[email protected]

03/31/09

Two Great Posts from JammieWearingFool…

Orwellian Reality

Key excerpt:

As we get closer to the official rollout of Messiah Motorworks LLC™, the Brits & Euroweenies have come up with something that is sure to become a big hit in certain circles of totalitarian persuasion. Call it a juiced-up version of OnStar.

Czechs Won’t Take Obama’s Gitmo Graduates

Key excerpt:

The Czech Republic will probably refuse to accept prisoners from the U.S. Guantanamo prison, Mirek Topolanek, outgoing Czech Prime Minister and chairman of the senior ruling Civic Democrats (ODS), told the Impuls Radio today.

03/31/09

Nuclear Bombs Away…

By: Terresa Monroe-Hamilton

Great pic huh? Stole it from my friend Andrea over at The Radio Patriot. She has a post up that every one should read: 33 Minutes in 7:48.

I have warned for years now about letting rogue states like Iran and North Korea obtain nuclear weapons. Take my word for it, they will use them. North Korea is nuts and Iran embraces death. So of course, we will just sit back and let North Korea shoot off a missile capable of hitting Alaska or Hawaii – our government says there’s nothing we can do about it. We are the strongest nation on earth and there’s nothing we can do about it – bullcrap… You mean, we won’t do anything about it don’t you? Well, our enemies do not have any such reservations which, if we keep up depleting our nuclear stockpiles, I’m sure we will find out about first hand before too long. Iran can’t wait to wipe Israel and America off the face of the earth. Think I’m exaggerating? Watch and then tell me I’m full of it:

33 Minutes Film – Protecting America in the New Missile Age

03/31/09

Financial Roundup News – 03/31/09

‘Atlas Shrugged’: From Fiction to Fact in 52 Years

NYSE Runs Out of Gold Bars: What Happens Next?

The Dangers of Printing Money

Stocks Tumble as Automaker’s Plans are Rejected

G20 Targets Hedge Funds as Leaders Near Consensus

[British] Banking and Finance Sector to Axe 30,000 Jobs in Six Months

Fresh Flight From Risk Hit Global Equities

London Shares Slide as Global Bull Run Fades

GM CEO Resigns at Obama’s Behest

Hedge Funds Vow to Fight as G20 Gathers

Germans Wreck Global “New Deal”

Tax Havens Batten Down as Hurricane Looms

Geithner Announces “New Rules of The Game” for Wall Street

Russia Backs Return to Gold Standard To Solve Financial Crisis

A World Currency Moves Closer After Geithner’s Slip

Peter Schiff: The Fault Lines Emerge

“Thesis Trading” Ignores the Data

Insanity Finance

IBM Employees Sound Off on Layoffs

Beyond AIG: A Bill to let Big Government Set Your Salary

Md. prof picked for auto task force

Russia, China cooperate on new currency proposals

Russia backs return to Gold Standard

New GM CEO says more plants could close

Home Price Drops Set Records in Jan.

Cities and States Plan Strange New Taxes on Pretty Much Everything