(WASHINGTON DC) In spite of soaring unemployment expected to top 10 and the nations economic future in peril from record-setting deficit spending on the Democrats $787 billion stimulus package multimillionaire executives at the scandal-plagued insurance giant AIG are planning to pay themselves millions more in bonuses with taxpayer money.
Enoughs enough" says U.S. Rep. John Carter (R-TX). The stimulus plan has failed and we need to end the giveaways before the taxpayers and the recovery are damaged further. The fact that AIG is planning millions more in bonuses with stimulus monies while two million more working Americans lost their jobs since the stimulus passed says its time to regain some economic sanity in this country.
I have no problem with any company paying their employees whatever they like and reaping the results - but not with taxpayer money. We need to get our money back." Carter voted against both the Bush and Obama Administrations bailout bills as anti-free market giveaways that would prolong the nations recovery from recession and undermine future economic growth for decades.
Carter House Republican Conference Secretary today co-sponsored the Reducing Barack Obamas Unsustainable Deficit Act H.R. 3140 the REBOUND Act". The legislation developed by the Republican Study Committee the coalition of House conservatives repeals and recovers all unspent funds from the Bush Administration Troubled Asset Relief Program (TARP) plan and the Obama Administration American Recovery and Reinvestment Act (the Stimulus Plan) while retaining tax relief and unemployment benefits.
Repeals the spending portion of the Presidents stimulus" package saving taxpayers $460 billion
Leaves intact the packages tax relief and unemployment benefits
Prohibits the Treasury Secretary from obligating any further TARP funds saving taxpayers $150 billion
Requires all repayments of TARP money to go exclusively to debt reduction - no open-ended slush fund
Carter says he believes the measure can be enacted in one of two ways. The American people are fed up with the economic direction of the Congress" says Carter.
Either we pass this now which will be very tough in Nancy Pelosis liberal House or this can be the first vote of a new conservative Congress in January 2011."
(WASHINGTON DC) In spite of soaring unemployment expected to top 10 and the nations economic future in peril from record-setting deficit spending on the Democrats $787 billion stimulus package multimillionaire executives at the scandal-plagued insurance giant AIG are planning to pay themselves millions more in bonuses with taxpayer money.
Enoughs enough" says U.S. Rep. John Carter (R-TX). The stimulus plan has failed and we need to end the giveaways before the taxpayers and the recovery are damaged further. The fact that AIG is planning millions more in bonuses with stimulus monies while two million more working Americans lost their jobs since the stimulus passed says its time to regain some economic sanity in this country.
I have no problem with any company paying their employees whatever they like and reaping the results - but not with taxpayer money. We need to get our money back." Carter voted against both the Bush and Obama Administrations bailout bills as anti-free market giveaways that would prolong the nations recovery from recession and undermine future economic growth for decades.
Carter House Republican Conference Secretary today co-sponsored the Reducing Barack Obamas Unsustainable Deficit Act H.R. 3140 the REBOUND Act". The legislation developed by the Republican Study Committee the coalition of House conservatives repeals and recovers all unspent funds from the Bush Administration Troubled Asset Relief Program (TARP) plan and the Obama Administration American Recovery and Reinvestment Act (the Stimulus Plan) while retaining tax relief and unemployment benefits.
Repeals the spending portion of the Presidents stimulus" package saving taxpayers $460 billion
Leaves intact the packages tax relief and unemployment benefits
Prohibits the Treasury Secretary from obligating any further TARP funds saving taxpayers $150 billion
Requires all repayments of TARP money to go exclusively to debt reduction - no open-ended slush fund
Carter says he believes the measure can be enacted in one of two ways. The American people are fed up with the economic direction of the Congress" says Carter.
Either we pass this now which will be very tough in Nancy Pelosis liberal House or this can be the first vote of a new conservative Congress in January 2011."
