President-Elect Obama, In Case Your Haven't Heard...
by Rense Johnson, Chairman
Citizens for Term Limits … for a fresh Congress!
January 8, 2009
President-elect Obama:
In case you haven’t looked ...
The nation is dead broke.
President-elect Obama, your plan to run a Trillion Dollar Deficit is doomed to failure.
Why? Because there is nothing there but fiat dollars.
We urge readers to read, or re-read, as the case may be, our article Bankrupt—and Losing International Influence.
Fox News’s Stuart Varney tells us that your 2009 deficit will likely approach Two Trillion Dollars.
Mr. President-elect, you will be going at it 180 degrees off course, squandering taxpayers’ money, just like George W. Bush did before you.
Mr. Obama, you should read our article titled It’s all right there on the record: Tax cuts bring prosperity and heed the lessons therein — not because I wrote it, but rather because I pulled together the cumulative wisdom of many people much smarter than I.
Mr Obama, you need to reduce tax rates across the board while reducing wasteful spending. This may be the toughest part of the job, because every worthless government program has one or more congressional sponsors who believe their program is essential.
But, Sir, you have made a good start with your promise to do away with earmarks.
It may be that the best we can hope for is the sunsetting of all government programs every five years. If you can get that through Congress in your first 100 days, you will have scored a huge victory for the American people. But it will require arm-twisting.
Also in the first 100 days, add arm-twisting for a constitutional amendment limiting congressional terms to recapture our country for the American man on the street — not to get it done that fast, but get the effort launched with follow-through.
Mr. Obama, our program, which you can make your program, will make enemies out of former allies. But that is what happens to presidents when they do the right thing.
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