Monday, October 25, 2010
Rush Holt's Crusading Democrat Hoard
WARNING: Do not break the law before, during, or after reading anything I mention.
Rush Holt is propped up by several contributions from political entities, some well known, and others not so. Public servants exist to serve in the interest of citizens they represent, and the constitution they take an oath to defend and uphold. Rush Holt abuses this precious public trust. We placed it in his hands to act on our behalf, and he has recklessly abandoned most of his constituents for partisan pursuits, special interests, and political profits. Mr. Holt lost his independence some time ago, and is continuing to sacrifice our general welfare for a radical element now in control of the Democratic Party and our Congress. Rush Holt will continue to surrender our interests to transient tentacles of civic pollution extending from a crusading Democrat horde that plunders taxpayers, pillages the public purse, and squeezes the economic vitality from our vibrant nation.
The list of links found below only represents a tiny portion of the public record pertaining to Rush Holt’s campaign benefactors. They are a curious crew of special favorites peddling their influence through Rush Holt's open door policy. The wise citizens of New Jersey's 12th Congressional District must take their seat back on November 2, and forever closing it on Rush Holt and his collusive crew of cronies.
Rush D. Holt’s Campaign Disclosure Form 7/15/2010 - http://images.nictusa.com/pdf/804/10990911804/10990911804.pdf#navpanes=0
http://www.washingtonexaminer.com/opinion/42503112.html?c=y – Holt Pac’s
http://www.ucforcalifornia.org/ucsf/bio/fec/?id=394&cycle=2009-2010 – Holt Pac’s
http://politics.usnews.com/congress/holt-rush/donors -
http://www.citizen.org/congress/article_redirect.cfm?ID=7188 – Holt Pac For Responsive Government
http://www.congress.org/congressorg/bio/fec/?id=394&cycle=2003-2004 – Holt Pac’s
http://www.cleanupwashington.org/sii/sii_tables_member.cfm?Names=76 – Holt contributors
http://app.mlogic.mobi/news.jsp?key=334983&rc=ne&p=2 – Holt & Goldman Sachs money $31,000
$5000 to Holt 5/17/2010 - National Community Action Fund - CAP-PAC SEPARATE SEGREGATED FUND - http://www.ncaf.org/ ; NJ Chapter- http://www.njcaanet.org/ ;Green job grants http://www.njba.org/pressReleases/?foundation_awards_grants -
$1500 & $5000 on 4/9/2010, LABORERS' POLITICAL LEAGUE-LABORERS' INTERNATIONAL UNION Terence O’Sullivan, General President - http://www.liuna.org/tabid/69/Default.aspx ; LiUNA’s suspect disclosure activities flagged by Dept. of Labor 2007 - http://ourfinancialsecurity.org/2010/07/liuna-applauds-senate-passage-of-financial-reform/# - http://laborers.com/USDOL-O'Sullivan.doc.htm ; worsening job picture by O’Sullivan - http://newsblaze.com/story/2010070208491700001.bw/topstory.html
$2500 & $2500 to Holt on 4/02/2010 - AMERICAN FEDERATION OF TEACHERS/AFL-CIO http://www.aflcio.org/issues/education/vouchers.cfm - American Federation of Teachers http://www.aft.org/# - AFT Issues - http://www.aft.org/getinvolved/legislative_action.cfm - NJ Chapter - http://nj.aft.org/ - NJ Delegation ratings – Holt 100%- http://www.aflcio.org/issues/legislativealert/votes/index.cfm?location=House&termyear=2009&memberid=&statecode=NJ&act=3&Go.x=8&Go.y=7 –
$4000 to Holt on 3/31/2010 - THE NATIONAL ASSOCIATION OF HOME BUILDERS - BUILD POLITICAL ACTION COMMITTEE - http://www.nahb.org/ - http://www.nahb.org/page.aspx/category/sectionID=188 – Issues - http://www.nahb.org/fileUpload_details.aspx?contentID=132899 – Freddie/Fannie support -
$5000 & $3000 to Holt on 3/31/2010 - NEW DEMOCRAT COALITION POLITICAL ACTION COMMITTEE - http://www.ndcpac.com/ - Holt and the New Democrat Coalition Pac -
$1000 on 4/1/2010 & $1000 on 12/28/2009- AFSCME - http://www.afscme.org/ - Rally in Trenton - http://www.afscme.org/publications/28327.cfm - NJ Council - http://afscmenj.com/ - Political Activities - http://afscmenj.com/images/stories/volunteeractionteam.pdf - Agreement with NJ State http://afscmenj.com/images/stories/memorandumofagreement.pdf -
$2500 on 1/7/2010 & $2500 on 2/28/2010 - DRIVE PAC - Teamsters Union - http://www.teamster.org/content/about-drive -
http://www.ourcampaigns.com/FECCommitteeDetail.html?FECCommitteeID=1520 – Holt Pac’s
http://fec-political-committee.findthebest.com/detail/6190/RUSH-HOLT-FOR-CONGRESS - Rush Holt for Congress
http://www.phccweb.org/Contractor/WashingtonDetail.cfm?itemnumber=7361 – Plumbing, Heating and Cooling Association “PHCC was instrumental in helping U.S. Rep. Rush Holt (D-NJ) introduce water efficiency legislation that supports employing professional contractors.”
Rush Holt is personally and financially attached to the interests that support him. A majority of the total amount of money flowing into our congressman’s campaign treasure trove comes from special interests and corporate/Washington lobbyists outside of New Jersey or Princeton. They are the funding mechanism that enables Mr. Holt to spread falsehoods and construct nightmares that drive your passions. Mr. Holt has done their bidding, and now they do his, and that of the most radical elements in the Democratic Party. Democrats, and all the venomous vehicles of their apparatus, are pushing a sweeping social agenda, with vigorous and concerted efforts, while they still have a majority in Congress, to alter the relationship between American citizens and the federal government. The wise and free citizens of America must reconfigure the balance of power on November 2, and put these menacing elements in the minority where it belongs.
Wednesday, October 13, 2010
Rush Holt's Futile Schemes
WARNING: Do not break the law before, during, or after reading anything I mention.
Rush Holt, the radical sophists, mystical dreamers, and dissimulative demagogues nestled in the Democrat Party, are really “the privileged few.” They are controlling Congress, and taking advantage of our dire economic distresses to hastily push through a sweeping social agenda that runs contrary to popular will, common sense, constitutional authority, practical reality, and personal property. If you disagree with this profuse Democrat platform, they will tell you that horrible consequences will surely follow.
Democrats' say everything is in a state of crisis, from education to the environment, from healthcare to the economy, and now they are radically transforming society and the relationship citizens have with the federal government. These troublesome disseminators of worrisome portents have hijacked our Congress, with slim majorities, and are bringing us on a dangerous ride aboard the Utopian Express, next stop on the high speed line, taxpayer insolvency and federal dependency, where there is no liberty, no personal property, no security, no justice, and no personal responsibility - but there is a sunset. They are subjecting all of us to the whimsical dreams of liberal philosophy. Rush Holt has joyfully joined this utopian cabal. He is too willing to participate in the wondrous journey led by the liberal/progressive menace running Congress for the past four years.
Rush Holt sat in Congress for more than a decade, pleasing partisan loyalties, as we watched jobs leave our district, state, and nation, witnessed a plummeting dollar, hindered by commercial restraints, unfair foreign trade practices, an unequal tax structure, rising unemployment, increased foreclosures, and, generally, economic stagnation.
We need to turn back the liberal/progressive manipulators of public trust, treasure, and discretion. We should no longer let our public servants, our rights, our seat, our voice in Congress, and our children's future, be taken for granted by shrewd career politicians, party operatives, special interests, and Washington lobbyists that all prosper at public expense.
During a time of economic distress, threatening foreign dispositions, and extreme political ideologies polarizing populations for political expediency, and distracting this nation from engaging in a sober debate about accomplishing real political reform, economic renewal, and a return to republican principles, we need a representative who is not beholden to any other interest than that of the citizens in New Jersey’s Twelfth Congressional District and the U.S. Constitution. We do not need any more politicians engaging in popular posturing that is so prevalent these days, and one that will not misconstrue enumerated powers. We need someone who does not bathe in the polluted spring of corporate influence, does not bend in the face of liberal extremism and rigorous debate, will not swim in the swamp with special interests, and will not surrender our vote to a misguided element within the Democrat Party. Rush Holt does all of this, and will continue doing so if the wise citizens of the district do not remove him from office on November 2, 2010.
Mr. Holt, and his high-powered public relation firms, and other politically active characters injecting their venomous fictions into the process, are doing what they do best, destroy, defame, and distract. They use fear to move you. We use reason and facts to unmask and dismantle their futile efforts. Rush Holt's campaign war chest is a well stocked treasure trove with liquidity pouring in from a vast assortment of corporate peddlers residing outside the district, which is now being ruthlessly deployed in full force to disguise, distort, and deflect the real issues we face as citizens of a free Republic.
The recent political ads - run by our congressman's team of filthy propagandists and Democrat operatives, combined with the artful practices and financial support of special interest groups - do nothing constructive, but they do conjure up illusory depictions of a mysterious monster, one that is part of “a privileged few,” and one that will plunder your benefits, cut your wages, denigrate your liberties, stifle democracy, and steal the American Dream from you and your loved ones. This is plainly demagoguery. It is so easy to use that no honest or credible public servant should even pay money to demonstrate it, let alone condone it. Rush Holt, and his well served wire-pullers, quickly dispatch ideal evils and construct blatant fabrications to defile the character of their challengers because there can be no justification for, nor defense of, the reckless congressional spending binge that has gone on for too long. Rush Holt has increased the national debt, exacerbated the federal budget deficit, diminished state sovereignty, and ravaged private industry and property with higher taxes and more regulatory burdens. The citizens of the district, state, and nation do not need any more congressional impediments or barriers to prosperity. It is time to cut some purse strings and prune the rapidly growing federal tentacles. We can start on November 2, 2010.
Saturday, September 25, 2010
Rush Holt’s Unhealthy Non-Profit Alliance
WARNING: Do not break the law before, during, or after reading anything I mention.
Rush Holt’s alliance with the non-profit health industry is a diseased form of public corruption. Our representative has accumulated several speacial favorites over his decade long residency in Congress. Some have greatly benefited from their cozy relationship with our representative. Many non-profit organizations are doing very well during the “Great Recession” the rest of us are currently experiencing. There is no doubt that certain non-profits perform great public services for the most vulnerable in our district, especially during this uncertain period of economic malaise. It is a fact, though, that they receive private donations, and volunteer efforts, from private citizens and businesses residing in the district. This is needed in a local community, neighbors selflessly helping each other out. Although, these functions should be wholly funded and maintained by state, county, municipalities, private individuals, and businesses, with local taxes, not national resources from the federal government.
The problem with Rush Holt and the liberal/progressive agenda is that they believe Congress can spend federal taxpayer money on anything whatsoever. This mentality springs from a misconstruction of the U.S. Constitution. This is certainly not a recent development, it has been a time tested tradition that many public servants have participated in, and will continue, unless we correct their misguided reading of congressional discretion. It is time for the federal government to stop spending money on all these non-profits, because they can, and should, be sustained by the local resources derived from their own states, counties, townships, and individuals. If the City of Trenton wants to construct and maintain social vehicles for personal improvement that help the most disadvantaged among us, then it is up to the City of Trenton, Mercer County, and New Jersey residents to fund these noble and needed pursuits, not the taxpayers from California, Florida, and New York.
Another problem, maybe even more pernicious, with this federal alliance with non-profits, is that there is too much favoritism, and a strong propensity for certain individuals and organizations to corrupt our public officials for special favors that benefit very few among us. These unfair federal practices must end. All federal appropriations must be attached to a specific duty arising under a constitutionally enumerated power granted to Congress. The federal spiggot of taxpayer money is fully cranked open for all sorts of reasons and endeavors. Valuable national resources are being dangerously diverted during a time when the national debt and federal budget deficits are mounting. These incidents of favoritism and extravagant spending are common occurances that need serious scrutiny.
One particular example of this incidious alliance is the special relationship Marshall Cohen has with Rush Holt. This relationship is one based on reciprocal rewards and favoritism. Mr. Cohen is a beneficiary of taxpayer money, and has special access to our public servant. Both Mr. Cohen and Mr. Holt serve as trustee’s http://bit.ly/dnomBU, http://bit.ly/bxWFju of the Family Guidance Center, which will be the proud recipient of recent federal taxpayer money http://bit.ly/boHkDs. Not only is Mr. Cohen’s and Mr. Holt’s organization receiving federal taxpayer money, dished out by a conduit non-profit, Mr. Cohen has also received the great honor of being the special guest of Rush Holt at the State of the Union Speech http://bit.ly/95Dr4f earlier this year.
Another example of this unhealthy alliance manifests itself in the special relationship between Rush Holt and Judith M. Persichilli from Pennigton, New Jersey, President and CEO of Catholic Health East http://www.che.org/, a non-profit health organization. Mrs. Persichilli is a contributor to Rush Holt http://bit.ly/cZBI2c, http://bit.ly/cJiEee, and Catholic Health East has been the proud recipient of federal taxpayer money http://bit.ly/8Y1gPw.
Rush Holt and his special friends are profiting from taxpayer money at a time when that money should be used servicing the national debt, correcting federal budget imbalances, and providing for our common defense. These are the primary duties of our national government, not funding and maintaining non-profit organizations. This kind of special treatment and access must stop now. It is truly disturbing to this citizen, at least, that this federal behavior is so blatantly accepted. Our public servants in Congress must not be engaged in satisfying the multitude of friendly flatterers and special interests that seek federal favors in the form of grants and access. The citizens of this district, state, and nation must attend to our national duties as individuals of a free Republic, and exert our proper power and influence directly on the process. We are the agents of our own destiny. We can start this November by voting Rush Holt out of office, so our common interests will prevail in Congress, not the select few who have a cozy relationship with our public servant.
Wednesday, September 22, 2010
Rush Holt's Taxpayer Thievery
WARNING: Do not break the law before, during, or after reading anything I mention.
Rush D. Holt, congressional representative of New Jersey's 12th district, has voted against several bills that let us keep more of our hard earned wages in our own pockets. Mr. Holt's voting record on taxes is horrendous. During his decade long occupancy of our congressional seat, Mr. Holt consistently sought taxpayer money to wastefully spend on misguided adventures. Rush Holt's contemptuous behavior toward our property is truly outrageous. Taxpayers and small businesses, and property rights in general, have been rudely pushed aside by Mr. Holt and his radical Democrat partisans. They have squandered our money, and denigrated our property rights, all for a multitude of utopian instruments that have only perpetuated the social maladies they intend to eradicate. Demagogues of ancient Greece would be very happy with Rush Holt, and the liberal menace now in control of Congress, because they wage a relentless battle against private property rights we retain as citizens of a free Republic. Let us turn back the liberal/progressive menace in November, because it seeks to subvert the best practices of free market capitalism, honest labor, and the sanctity of private property.
In H.R. 3090, the Job Creation and Worker Assistance Act of 2002, which passed by two votes in the House, Rush Holt voted against extending the net operating loss carry back period from two to five years for business losses; a temporary suspension of a specified limit on certain carryovers of such losses for purposes of an alternative tax deduction on them; allowing certain expenses of elementary and secondary school teachers to be taken into account in determining their adjusted gross income; extending a tax credit for qualified electric vehicles, and the availability of medical savings accounts.
In H.R. 3009, the Trade Act of 2002, which passed the House by three votes, Rush Holt voted against a refundable tax credit of 65 percent of the health insurance costs for coverage (including continuation coverage) of the individual, spouse, and dependents of a recipient of Trade Adjustment Assistance (TAA), alternative TAA, or a pension benefit guaranty corporation (PBGC) pension; an increase from $400 to $800 the aggregate value of articles exempt from duty acquired abroad by U.S. residents; ensuring trade agreements afford small businesses equal access to international markets, equitable trade benefits, expansion of export market opportunities; and provided for the reduction or elimination of trade barriers that disproportionately affect small business.
In H.R. 1836, the Economic Growth and Tax Relief Reconciliation Act 2001, Rush Holt voted against phased in income tax reductions, and increasing the standard deduction for married couples in the 15 percent income tax bracket. In H.R. 1308, the Working Families Tax Relief Act of 2004, Rush Holt was one of sixty-five that voted against extending various expiring tax credits and deductions for working families. Rush Holt also voted against H.R. 2, the Jobs and Growth Tax Relief Reconciliation Act of 2003, which accelerated previously enacted tax reductions for families, businesses, capital gains and dividends, and H.R. 4520, the American Jobs Creation Act of 2004, which provided tax credits and deductions for small businesses, and tax relief for agriculture and small manufacturers.
In H.R. 4, the Pension Protection Act of 2006, Rush Holt voted against strengthening single and multi employer defined benefit pension plans, and in H.R. 4297, the Tax Increase Prevention and Reconciliation Act of 2005, Mr. Holt voted against small business tax relief and increasing the alternative minimum tax exemption amount for individual taxpayers. Mr. Holt also voted against S. 1932, the Deficit Reduction Act of 2005, which instituted deposit insurance reform, eliminated fraud, waste and abuse in Medicaid, and provided for flexible cost sharing and benefits for Medicaid. Rush Holt also joined the twenty-eight percent of public servants that voted against S. 256, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which strengthened penalties for abusive creditor practices, discouraged bankruptcy abuse, required tougher disclosure standards for consumer credit extensions, defining more clearly FDIC guidelines, and provided for the protection of family farmers and fishermen facing bankruptcy.
Rush Holt voted for H.R. 1424, the Emergency Economic Stability Act of 2008, otherwise known as TARP, which increased the public debt to 11.315 trillion to purchase troubled assets, increased federal authority over financial institutions, provided taxpayer liquidity and assistance to Fannie Mae and Freddie Mac, extended the federal unemployment surtax, and provided tax incentives for investment in the District of Columbia. Mr. Holt also voted for H.R. 3221, the Housing and Economic Recovery Act of 2008, that established the Home Ownership Preservation Entity Fund that insured up to $300 billion to refinance loans for distressed borrowers, increased the national debt limit from $9.82 trillion to 10.62 trillion, provided a $7,500 first-time home buyer tax credit, and encouraged Fannie Mae and Freddie Mac to securitize more mortgages.
Rush Holt voted for H.R. 5240, the Economic Stimulus Act of 2008, which reduced tax rebates by 5% of the amount that exceeds an adjusted gross income of $75,000 ($150,000 for joint returns), and to appropriate $215,590,000 to the Financial Management Service for salaries and expenses, and to the IRS for operations support. Mr. Holt was also one of the seven that pushed health care reform over the top for passage by voting for H.R. 3590, the Patient Protection and Affordable Care Act of 2009.
H.R. 3590 was a legislative monstrosity that gave broad discretionary powers to the Secretary of Labor and Health and Human Services to determine what is an appropriate health care plan, added a multi layered bureaucratic regime of new agencies, commissions, and administrators to manage and study health care, imposed an annual fee on branded prescription drug sales exceeding $5 million, gross sales receipts exceeding $5 million of manufacturers, and importers of certain medical devices. Rush Holt also voted for H.R.1, the American Recovery and Reinvestment Act of 2009, which appropriated $50 million to fund art projects and activities, $1.2 billion for youth activities, $700 million for comparative effectiveness research conducted by the Agency for Healthcare Research and Quality, and $300 million to support efforts toward health information exchange.
This record is only a snapshot of Rush Holt's career casting votes for us in Congress. It is a fiscally irresponsible record. Rush Holt has followed his partisan colleagues down a utopian path that denigrates property rights, increases our national debt, expands federal reach, authority, and discretion, all the while running up the federal budget deficit. We can limit more taxpayer distresses, economic uncertainties, and burgeoning federal debt and deficits, if we remove Rush Holt from our seat in Congress. In November, the wise citizens of New Jersey's 12th Congressional District will end Rush Holt's congressional reign, and free us from the radical agenda now being forced through Congress by an elitist cabal of progressive demagogues.
Rush Holt's Failed Attempts
WARNING: Do not break the law before, during, or after reading anything I mention.
Representative Rush D. Holt has been in Congress for more than a decade, surely he must have done something to be remembered for, as the wise citizens of New Jersey's 12th Congressional District ready themselves to remove him from office on November 2, 2010. Other than voting for and against bills in Congress, the other privilege a public servant has is to introduce legislation to benefit the nation. This legislative activity tells us a great deal about Mr. Holt. The record clearly reveals that he has been unable to persuade others in Congress to give their assent to his proposals. Rush Holt's ineffective record in getting his own laws passed shows us that his views are generally rejected by most of his colleagues in Congress, and in both political parties. When you look at the public record, Mr. Holt has not done much at all. Do not take me wrong, it is very good that there are public servants in Congress that have stopped Mr. Holt's misguided efforts, no matter what party they reside in. Let us take a closer look at our congressman's ill-conceived legislative proposals.
H.R. 3472 is one particular bill introduced by Rush Holt in the 106th Congress that show his contempt for our fundamental rights as citizens, and his radically suspicious and expansive views. This bill was introduced 11/18/1999 and sought to amend "the Federal criminal code to require the Attorney General to establish a Federal system for the licensing and registration of all handguns owned, possessed, or controlled in the United States, which shall include a method for easily retrieving information to identify: (1) each State resident who owns, possesses, or controls a handgun; and (2) the handgun." Citizens of America were saved from this blatant assault on gun ownership, and outright suspicion of citizens. Rush Holt's expansive federal schemes, and distrust for law abiding citizens, was totally rejected by his fellow colleagues in Congress, and H.R. 3472 was shot down and died in committee, never becoming the intrusive instrument it was intended to be.
The very next Congress, the 107th, Rush Holt introduced the same legislative language in H.R. 114, the Handgun Licensing and Registration Act of 2001. Mr. Holt did not learn much from the previous congressional session. H.R. 114 suffered the same fate as its predecessor. This bill was introduced 1/3/2001 and was referred to the Subcommittee on Crime, where it died in the same manner as the previous endeavor. Mr. Holt's persistence and energy flows in the wrong direction, and takes a contrary path from the majority of Congress, and a majority of citizens in CD-12. Most of Rush Holt's ill-judged proposals can be found in committee trash cans.
Rush Holt has proved he cannot be trusted with our confidence. His actions in Congress, with regard to these particular issues, have been beaten back by his colleagues moderate sentiments. It is great to know that there are still public servants that can stand up to Rush Holt's expansionist attempts. Now it is time for the citizens of CD-12 to stand up to Rush Holt's voracious appetite for more federal power, authority, regulation, and discretion. Mr. Holt does not hold the same moderate views as his constituents. He does not trust law abiding citizens that own guns, and would subject them all to an intrusive expansion of congressional power and regulation. The only individuals Rush Holt empowers are federal bureaucrats. These two bills Rush Holt tried to pass would do nothing to criminals that steal registered handguns and sell them out of the trunks of cars. There are already enough regulatory measures placed on law abiding citizens. We need to send Rush Holt a message in November, that our second amendment rights will never be surrendered.
Monday, August 30, 2010
Rush Holt's Obnoxious Concoctions
Rush Holt, and several of his radical colleagues, continually creates obnoxious appropriations that raid the taxpayer purse for special benefits to be handed out to a few connected recipients. Rush Holt firmly stood with partisan allies to narrowly pass many expansive, and expensive bills this year. Several of these mountainous appropriation bills, emanating from the petulant 111th Congress, which became public law, contain curious allotments of taxpayer dollars.
We need to scrutinize all congressional expenditures. Rush Holt's tenure is marked by misappropriations and maladministration of taxpayer funds. At a time when austerity is sorely needed in Congress, Mr. Holt continues to recklessly disburse public treasure on ridiculous programs. He must believe that the federal government can simply spend money on any conceivable project. This blatant display of contempt for our trust, and misconstruction of public power and budgetary discretion, deserves outright denunciation.
H.R. 3288, a monstrous appropriation bill, Rush Holt voted for spending $124 million on Seat Belt Performance Grants, $139 million for Alcohol-Impaired Driving Countermeasures Incentive Grant Program, $4 million for the city and county of Honolulu to operate a ferry boat service demonstration, $80 million to restore Pacific salmon populations, $10 million for prisoner reentry research, and $300 thousand for a program to support student and parent mock elections.
In H.R. 2997, another wasteful display of extravagance filled with excessive spending, Rush Holt voted for $1 million to fund a food animal residue avoidance database program, $80 million for breastfeeding peer counselors, and $216 million for the Center for Tobacco Products. In the same bloated bill, Mr. Holt voted to derive $578 million from prescription drug user fees and $57 million from medical device user fees to pay for all these ridiculous programs.
In H.R. 2918, a legislative branch appropriation bill, Rush Holt voted to spend $25 million for salaries and expenses for house leadership offices, $20 thousand for the house family room, $200 thousand for digitizing culturally significant and historic materials for the Durham Museum in Omaha, Nebraska – which has nothing to do with the legislative branch - $191 million for salaries for compensation and expenses of house officers and employees, and $276 million in contributions for health, retirement, Social Security, and other benefits. Federal salaries and benefits should be cut by at least 10% for those not defending this nation.
In H.R. 1105, an omnibus appropriation bill passed by the grabbing 111th Congress, Rush Holt voted to spend $100 million for boll weevil eradication programs, $469 thousand for the design and construction of an agriculture pest facility in the State of Hawaii, and $80 million for salmon fisheries.
This list of wasteful spending is a very small sample of what was actually spent by Congress, when factoring out salaries and benefits, represents about $1 billion. That is $10 billion over a decade that could be better spent elsewhere, say, securing our borders, servicing our national debt, or letting taxpayers keep it. The taxpayers of New Jersey's 12th congressional district deserve better representation. Rush Holt has squandered taxpayer money on a multitude of programs that the federal government should not be funding. These programs should be under the purview of state governments, with local resources and labor. Time after time, Rush Holt votes with his partisan colleagues. They are forcing their expansionist will with slim majorities, recklessly spending our public treasure on pet projects for special favorites. These practices are unfair, fiscally unsound, not a duty of the federal head.
Every dollar counts. One million here, and another million there, soon it amounts to billions, which could be better spent paying off our national debt, securing our nation, and defending our common interests, not reckless concoctions to end all ills. The federal government is drifting further and further away from its primary objectives. It is being distracted by too many acquired duties that have nothing to do with any enumerated power in the U.S. Constitution. How many priorities can there be? Our national debt and common defense are the primary objectives for the federal government. We need to rein in extravagant spending and discretionary authority. We can start by voting Rush Holt out of office in November, ending his reckless spending endeavor.
Rush Holt's Radical Tenor
WARNING: Do not break the law before, during, or after reading anything I mention.
What has Rush Holt done for us lately? He expanded federal reach, authority, power, discretion, and deficits. In H.R. 4173, the financial strangulation bill - the latest unread legislative behemoth spewed forth by an impetuous Democratic Congress - Mr. Holt followed the beaten partisan path and voted for more bureaucratic layers and phantom fixes.
Each added layer will be staffed with a gluttonous retinue of salaried pensioners and careerists micromanaging the books of thousands of businesses. Those unelected bureaucrats, each salivating over the budgetary trough, seeking comfort and security in their obscure positions, will invent and implement complex administrative laws, strict statutes, and a penumbra of procedures for an all-assuming and voracious federal head. It is time for the citizens of New Jersey’s 12th Congressional District to halt Mr. Holt’s imprudent schemes.
The new financial regime, concocted by Rush Holt and the most radical Democrats controlling the 111th Congress, made the following bureaucratic additions to an already enlarged federal sphere: 1) the Financial Stability Oversight Council, 2) the Office of Financial Research, 3) the Office of Minority and Women Inclusion, 4) the Federal Insurance Office, 5) the Energy and Environmental Markets Advisory Committee, 6) the Investor Advisory Committee, 7) the Office of Investor Advocate, 8) the Office of Municipal Securities, 9) the Bureau of Consumer Financial Protection, 10) the Consumer Advisory Board, and 11) the Office of Housing Counseling, just to name a few.
Dense foliage will grow from these newly sprouted federal tentacles. Swift shadows will stretch far and wide over our republican realm of liberty. A heavy frost on economic activity will creep in due to an array of uncertainties emanating from cumbersome regulatory measures, intrusive enforcement procedures, broad discretionary power, and enhanced supervisory authority. A multitude of studies, research reports, and exhaustive examinations will be conducted. There are several new disclosure mandates, and the sharing of that private information with many federal government agencies, and international entities. Too many of these expansive schemes are unnecessary intrusions that will ultimately consume precious time, waste valuable resources, and damper economic recovery.
In sections 204 and 205, the former dealing with the orderly liquidation of covered financial companies, and the latter dealing with the orderly liquidation of covered brokers and dealers, a supposed Lehman Brothers fix, may even do nothing to prevent capital markets from experiencing drastic psychological disturbances. We all witnessed, and many participated in, the real-time rapid depletion of market value in the autumn of 2008. Many celebrified economic pundits noted the manner in which the Lehman incident occurred as being a major catalyst for the initial phase of mass market mayhem. We are kidding ourselves, and it is disingenuous of public servants like Rush Holt to suggest, that these newly created agencies, commissions, and councils will be able to prevent another Lehman episode.
It does not matter when, where, by whom, and how a financial institution is dismantled. What will matter, though, is that a financial institution is being liquidated. Whether it is done by new federal agencies, or under existing structures, led by free and independent market participants, the act of liquidation itself can drastically erode confidence, especially if the designated institution for liquidation is a major component of the national economy. These new layers of federal bureaucracies will not have a special ability to accurately predict, or competently prevent, market instability, large bankruptcies, criminal behavior, bear raids, panics, and frozen liquidity.
Quite simply, too many companies, and individuals, were over-leveraged. The federal government is over-leveraged. We are now undergoing a de-leveraging process in the private sector that is being artificially manipulated by the continual hindrances hurled by Congress. We need to de-leverage the federal balance sheet. Many financial institutions relied on fantastical algorithmic computer models to determine risk, exotic financial instruments to hedge it, and investment vehicles to disperse it. When these human inventions failed, panic spread, the federal government stepped in, and taxpayer liquidity was granted. Congress should not be determining what companies can exist or perish. This is a free market determination.
There should be no favoritism, most especially with bankruptcy laws, given the constitutional mandate of uniformity. This detached actual consequences from risk, and reality, because of an implicit guarantee, especially unfairly granted to the largest financial institutions, that their assets, and poor fiscal judgment, were backed by the full faith and credit of the federal printing press and taxpayers. If Congress is having such a difficult time managing our own federal budget, then how could they manage the balance sheets of thousands of public and private companies, and responsible for determining the suitable level of risk on the books? Congress cannot even determine the risk of its own endeavors, how can they possibly perform these intricate duties?
Rush Holt, and so many public servants, has failed to provide any real leadership on these pressing concerns. Mr. Holt does not completely understand the ramifications of his decisions, or our precarious fiscal arrangement. He has placed several new bureaucratic impediments in the path of prosperity. During a time of economic malaise we should be dismantling barriers to growth, not erecting new obstacles in the path to economic renewal. Sure there are certain aspects of H.R. 4173 that can be accepted. If the best provisions of this massive bill were put into separate legislative instruments, and fully debated, maybe this bill could have garnered more supporters than it did.
The radical tenor emanating from Rush Holt and this Democrat Congress is being carried by the laws they enact. Real growth and prosperity is greatly inhibited by a national leadership vacuum that produces confusion, contention, consternation, and conflagration. This political void can be an opportunity for our common advancement, or an avenue for demagogues to divide and conquer us. The wise and virtuous citizens residing in New Jersey’s 12th Congressional District, and the nation at large, must be an impediment to these contortionist attempts by Congress. We need to free ourselves from the innumerable burdens that restrain and distort economic virtue and vitality. November will be a day to take back the reins of government from Mr. Holt and his Democrat colleagues, and redirect this misguided utopian journey back to practical reality.
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