MEMO FOR THE MOVEMENT
Conservative Leaders call on President Obama to end "Management
by Malaise" approach to economy and urge Congress to swap
excessive spending for a growth agenda
RE: As the deficit and national debt soar to
record levels and unemployment is at its highest levels in
decades the Obama Administration and liberals in Congress
continue to advocate more federal spending and larger government
programs as the cure. The economic crisis and unemployment will
only be solved, however, by economic growth in the private
sector.
ACTION: We call on all fiscally responsible
Members of Congress of both parties to say NO to any government
programs that increase the deficit, and to develop an agenda that
will stimulate economic growth aimed at creating new private
sector jobs, new investment and a return to economic sanity.
Consider these frightening numbers:
$1.417 Trillion. The FY 2009 federal deficit,
the highest in history and three times the FY 2008 record-setting
deficit of $458 billion.
10%. The 2009 deficit as a percentage of GDP,
the highest since 1945. Since 1946, it has never surpassed 6%.
$12.104 Trillion. The ceiling on the national
debt, which Congress will soon have to raise.
$11.952 Trillion. The current national debt,
including Treasury Securities held by the government.
$1.325 Trillion. The amount the national debt
has increased since Obama was inaugurated. In nine months,
President Obama and his allies in Congress have added 9% to the
national debt.
$384.4 Billion. The gross interest on the
federal debt in fiscal year 2009.
15 million. The number of unemployed Americans
on September 30, 2009 [ck], or 9.8% of the workforce. But the
real unemployment rate, which includes "discouraged workers,
other marginally attached" and people who are forced to work
part-time but who are looking for full-time work, is a staggering
16.9%, or 25 million unemployed Americans.
3.6 million. The number of jobs lost since
January 20, 2009.
49. The number of states that have lost jobs
since the Obama stimulus plan was enacted by Congress.
By a 56%-43% [www.realclearpolitics.com] margin Americans believe
the country is on the wrong track and an even larger margin
believes that the economy, unemployment and deficit spending are
the greatest problem faced by the US.
All fiscally responsible Members of Congress must put a brake on
the irresponsible spending proposed by the Obama Administration.
Fiscally responsible Democrats and Republicans in Congress must
convene to formulate a "growth agenda" which will act to
stimulate the economy, to create jobs, and to start the process
that will end this recession and the malaise facing the US
economy. The current process of massive spending and deficit
expansion has only resulted in more unemployment, and current
projections foresee virtually no economic growth or private
sector job formation for the foreseeable future.
FOR ADDITIONAL INFORMATION ON EXCESSIVE SPENDING,
THE FEDERAL DEFICIT, AND A GROWTH AGENDA ALTERNATIVE PLEASE VISIT
THESE WEBSITES:
http://news.xinhuanet.com/english/2009-10/17/content_12253519.htm
http://blog.heritage.org/2009/10/23/stimulus-fail-study-finds-job-losses-in-49-of-50-states/
http://www.cato-at-liberty.org/2009/09/17/when-stimulus-is-no-stimulus/
http://defeatthedebt.com/
http://www.brillig.com/debt_clock/
http://online.wsj.com/article/SB20001424052748704429304574467071019099570.html
http://www.stanford.edu/~johntayl/2009_pdfs/Here-We-Go-Again.pdf
http://washingtontimes.com/news/2009/oct/08/obama-plan-stirs-little/
http://www.bls.gov/web/cpseea1.pdf
http://www.chron.com/disp/story.mpl/editorial/outlook/6672998.html
http://www.atr.org
http://www.ntu.org
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
CONSERVATIVE ACTION PROJECT
James C. Miller III, former Reagan Budget Director
Duane Parde, President, National Taxpayers Union
Tom Schatz, President, Council for Citizens Against Government
Waste
Wendy Wright, President, Concerned Women for America
Grover Norquist, President, Americans for Tax Reform
Colin A. Hanna, President, Let Freedom Ring
William Wilson, President, Americans for Limited Government
Craig Shirley, Chairman, Citizens for the Republic
Tony Perkins, President, Family Research Council
Kenneth Blackwell, former Treasurer, State of Ohio
Jim Martin, President, 60 Plus Association
David McIntosh, former Member of Congress, Indiana
Herman Cain, President, THE New Voice, Inc.
Gary Bauer, President, American Values
Marion Edwyn Harrison, President, Free Congress Foundation
Becky Norton Dunlop, President, Council for National Policy
Alfred S. Regnery, Publisher, American Spectator
Mathew D. Staver, Founder & Chairman, Liberty Counsel
Tom Winter, Editor in Chief, Human Events
T. Kenneth Cribb, former Chief Domestic Adviser to President
Reagan
Phil Burress, President, Citizens for Community Values
