For Immediate Release: Bailout and Debt Backlash Forms Multi-Party Coalition and Protest
For Immediate Release:
Contact: Dan Reale
Tea Party Coordinator/Candidate for Congress
(860) 564 5798
Bailout and Debt Backlash Forms Multi-Party Coalition and Protest
Mass Demonstration Against $100+ Trillion in Unfunded Obligations Planned in Hartford
Plainfield, CT (6/17/09) – Libertarian Congressional Candidate Dan Reale, Reteaparty.com, Free and Equal, Campaign for Liberty volunteers, the chair of the Connecticut for Lieberman Party and others plan a coalition protest against the bailout and excessive taxation on July 4th, 2009.
“According to Bloomberg News, the U.S. government has committed and spent atotal of $9.7 trillion as of February 9. 2009 and counting on the bailout”, says Reale. “Not only are the banks and special interests first in line for the money, including foreign banks, but that’s almost enough to pay off every mortgage and credit card loan in the country.”
According to Robert Fisher, Chairman of the Federal Reserve Bank of Dallas, Social Security and Medicare obligations now total $99.1 trillion “to the infinite horizon”. Reale and others organizing the event stress the importance of objecting now. “If we don’t”, says Reale, “This will mean a net tax increase of 100% or more and hyperinflation when that’s not enough. It will swamp the ship of state.”
G. Scott Deshefy, former Green Party candidate for Congress said, “The definition of madness is expecting different outcomes when replicating the same behaviors over and over again. A nation that finds itself in a financial hole should not expect to get out by digging deeper. When our Congress borrows hundreds of billions of dollars to bail-out banks, investment firms and automobile manufacturers, thereby replacing privately squandered capital and corporate indebtedness with a crippling and ballooning national debt, Congress is more than rewarding failure, more than derailing either Adam Smith’s “invisible hand” or the Darwinian natural selection which should regulate our so-called “free marketplace” economy.” When asked to clarify his reason for protesting Congress’ actions he said, “It is, by definition, exhibiting madness.”
The rally will be a multi-party gathering. Participants will unite in support of what Reale calls “putting government back in the box of fiscal restraint”. To accomplish that goal he says, ”We’re bringing together those who represent the majority of Americans, including those who don’t vote because they aren’t aware of their options and others who stand consistently on principle.”
“We need sustainable fiscal policies, using a long-term problem-solving approach” according to Dr. John Mertens, current chair of the Connecticut for Lieberman Party and 2006 U.S. Senate candidate for the Independent Party. “If we make changes now in Social Security, Medicare and the federal budget, it will be a lot less painful than if we wait ten, 20 or 30 years. Unfortunately, most politicians focus on getting re-elected in two, four or six years and are afraid to address long-term problems. Voters need to stop being ‘good democrats’ and ‘good republicans’, and insist on good government.”
The clear message, according to the organizers, is singular. It is to show that enough mainstream Americans are willing to step forth, be counted and fire Washington if fiscal imprudence continues.
Speakers will include Dan Reale, Peter Schiff, John Mertens of the Connecticut for Lieberman Party, Libertarian Senate Candidate Vincent Arguimbau, Estelle Stevenson of the We the People Foundation, former Green candidate for Congress G. Scott Deshefy and Andrew Rule.
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