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To: imail13@mail.house.gov, Judy@Biggert.com
Sent: Friday, September 26, 2008 12:48 PM
Subject: Responding to your message
We need more than what you propose. We need to truly embrace Free
Market Capitalism and let the market work itself without government
interference and it's ridiculous proposals of intervention. You are a
Republican and subscribe to the belief of a Free Market Capitalized
Society - get away from liberal socialistic intervention solutions for
they do not, will not, and cannot work!
We need to cut spending wherever unnecessary spending is taking place
and begin with eliminating our 1 trillion oversees budget. Spend AT
HOME in America! I repeat, we must eliminate ALL unnecessary spending
and begin to live within our means.
We need to reform the monetary system and eliminate the Federal Reserve
Act for their poor monetary practices are WHY we are stuck in this
crisis. The current laws eliminating the monetary system of one being
backed by gold and silver must be overturned. We need a currency that
is backed by something! Not a fiat currency that is printed out of
thin air creating more of the same problem over and over only
exasperating the inevitable depression. The Fed's current monetary
approach will ensure a long and hard depression for a decade rather
than to allow Free Market Capitalism to work in a much less painful
period time. Yes, we will have a rough year but that beats a
depressive decade which will be the case if this bail out passes, or
any other bail out makes it through. America doesn't have any money
and what we have is suppressed by unrelenting inflation. You cannot
fight inflation with more inflation and you cannot solve a financial
debt crisis by creating more debt! That is ludicrous thinking! You
must revoke the Federal Reserve's authority to bailout failed business
at the tax payers expense.
We need to cut corporate capital gains tax to encourage investing in
America and creating many and easy job opportunities for America which
will in turn pump up the local economies where those jobs are created
thereby elevating the national economy as a whole. You must end
legislation such as Sarbans-Oxley that crippled capital markets,
diminished our ability to compete, and was a great harm to small
businesses. Small businesses are what make up the bulk of our economy
and you need to make greater efforts to protect them, help them, and
encourage their existence not crush them under a regulatory thumb.
In summary, we must eliminate bailouts all together, cut taxes and curb
regulation, reduce all unnecessary spending across the board, and
reform our monetary system into a sound currency to be, once again,
backed by gold and silver.
God Bless America.
Regards,
Laura Burke
U.S. Representative Judy Biggert
September 26, 2008
Ms. Laura Burke
XXXXXXXXXXXXXX
Lockport, Illinois 60441
Dear Ms. Burke:
Thank
you so for contacting me about the proposed $700 billion Paulson
package. I agree that something should be done, but this is not that
something.
I hear you, and I agree with you.
That's
why I've been working all week with a group of like-minded members to
craft a good alternative. We think we've found it.
Unlike the Paulson plan, our plan makes Wall Street pay for Wall Street's mistakes.
Unlike the Paulson plan, our plan calls for a work-out, not a bail-out.
By
requiring owners of mortgage-backed securities to purchase insurance,
we put the ball squarely where it belongs - with those who were
responsible, not with innocent, hard-working taxpayers.
I'm
working very hard, reaching across the aisle to like-minded members, in
the hopes that we can get this common-sense alternative accepted by the
White House and the Democratic leadership of the House and Senate. I
realize we face an uphill battle, but it is made easier when we know
the people are on our side.
Again, thanks for caring enough about our economic future to share your views with me.
Sincerely,
Judy Biggert
Judy Biggert
Member of Congress
JB:na