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“Already the bail out for Wall
Street pegged at a minimum of 700 billion and most likely 2 trillion
dollars amounts to about $3000 per person. It is clear that we can’t
tax folks out of this mess nor make exorbitant promises about
presidential initiatives during the coming elections for the money just
isn’t there” says Dr. Ada M. Fisher, NC House District 77 Republican
Candidate and NC Republican National Committee Woman. Fisher further
notes that “those off budget items such as Health Care Benefits and
Pension Payouts for North Carolina state employees amount to a 30
billion dollar deficit which gubernatorial candidates aren’t even
discussing. Is North Carolina in a financial crisis as well?”
Dr. Fisher says, “Citizens must
be concerned about the economic stability and sovereignty of our great
nation, particularly when China and Saudi Arabia are owed so significant
a portion of our national debt. We cannot spend our way out of debt.
Though I think we must have a bipartisan approach to our national
financial crisis, I have grave reservations about allowing Goldman Sachs
and others who mismanaged stocks to have access to FDIC backed monies as
banks. You don’t reward irresponsibility by giving folks more financial
responsibility.”
“The US Congress bears a big
responsibility for this problem in not insuring that our trade
agreements were fair, our national treasures such as oil and gas remain
under US control, or our vital industries such as steel remained here,”
per Fisher. Further she states that “our leaders don’t get it in
promising programs that we don’t have the money to pay for and allowing
the credit mess to continue unabated. Senator Joe Biden’s legislation
for the state of Delaware’s policies on credit cards are also in play
exhibiting supped-up usury sometimes at 33% when the prime rate is less
than 10%. This is as bad as ‘Pay Day lenders.’ We must stop the funny
money business and make sure that any bail out penalizes executives and
profit mongers, seizes unreasonable gains, doesn’t soak taxpayers with
endless debt and limits credit to those with the means to repay loans.”
Fisher realizes that this is a bitter pill to swallow but counsels
sometimes you have to just take your medicine if you want to get better.
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