IMF approves another $36.7 billion to prop up Greece, ALG responds

March 15, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today condemned a decision by the International Monetary Fund (IMF), which the U.S. funds, to lend another $36.7 billion to bail out Greece and the banks that foolishly lent her the money:

“To date, the IMF has given Greece and European banks $26.8 billion in kick-the-can refinance loans. Now the IMF, which the U.S. funds, is bailing out the banks that bet poorly on her debt with another $36.7 billion. Our stake was already $13.5 billion of American taxpayer money being used propping up Greece, Portugal and Ireland.

“With this latest loan, the U.S. stake will rise to mpre than $20 billion spent on bailing out Europe. That does not count additional lending that is taking place by the Federal Reserve to prop up the European financial system. To put the $20 billion spent on Europe into perspective, in the 2010 all 50 states got a bailout from the Pelosi-Reid Congress of $26.1 billion. We’ve sunk 12.7 times more into Greece, Portugal and Ireland per capita than individual states received on average in their last bailout. This is positively outrageous.

“Making matters worse, the U.S. has a prominent seat at the IMF, which could have been used to prevent this bailout. There has been no word on how the U.S. representative voted yet.

“Either, we voted yes, putting the lie to Treasury Secretary Timothy Geithner who just in February said ‘it’s unlikely you’re going to see the major shareholders of the IMF be prepared to have the IMF play a larger response’ in Greece. Or, perhaps we voted no, in which case it proves the U.S. has surrendered fiscal sovereignty to the international central bank cartel.

“Now is the time to pass legislation proposed by Rep. Cathy McMorris Rodgers and Sen. Jim DeMint that would rescind $108 billion additional funding to the IMF it received in 2009 when Democrats had a majority in both houses of Congress. American taxpayers should not be forced to subsidize the foolish lending practices of foreign banks. That money needs to be taken back, before it is flushed down the toilet of European socialism.”

Attachments:

“Rescinding $108 billion from IMF necessary, tough love,” ALG President Bill Wilson, March 12, 2012 athttp://news.investors.com/article/604097/201203121905/congress-should-take-back-bailout-of-european-union.htm.

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.


Obamacare 10-year costs jump to $1.75 trillion and growing, CBO analysis shows

March 14, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today responded to a new Congressional Budget Office estimate showing the gross cost of Obamacare rising to $1.75 trillion from 2013-2022:

“As we begin to see what’s in it, as Nancy Pelosi suggested we do, the true costs of Obamacare are being revealed by the Congressional Budget Office. Now we know that through 2022, the price tag will rise to $1.75 trillion—and counting. This proves that the out-years always were always where the real expense was hidden by Obama.

“Within ten years, Obamacare will have a permanent, iron grip on the national economy, never letting go. Once fully implemented, starting in the middle of this decade, the ten year costs will jump to over $2 trillion, and then keep climbing, never to be reduced.

“Ultimately, Americans will be driven off of their private insurance and on to government-subsidized plans. It will get in the way of doctors and patients, regulate every aspect of medical decisions, and ultimately result in rationing. That is when the ultimate price will be paid by those who are denied care, when life or death is on the line.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

ALG Praises McMorris Rodgers’ call for U.S. to vote no on IMF $37 billion Greek bailout

March 12, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today praised Rep. Cathy McMorris Rodgers’ call urging the U.S. to vote against providing more assistance to Greece when the International Monetary Fund (IMF) meets on March 15:

In February, Treasury Secretary Timothy Geithner said Europe ‘has more work to do’ and that until they do it, ‘it’s unlikely you’re going to see the major shareholders of the IMF be prepared to have the IMF play a larger response’ in Greece. Now less than a month later,the IMF is meeting Thursday to approve another $37 billion for bailing out Greece and her creditors.

“It is time for the Obama Administration to stop putting our money where its mouth is, and start speaking straight. The U.S. should demand an open vote at the IMF Executive Board, and vote no for further taxpayer money to be sunk into Greece. That is, if it truly is opposed to additional resources being used to shore up European banks that bet poorly on sovereign debt. Billions have already been wasted by the IMF on Europe.

“Rep. Cathy McMorris Rodgers is to be praised for taking a critical stand on this issue. She has offered legislation that if enacted will rescind the additional $108 billion the Pelosi-Reid Congress gave the IMF in 2009 — before it is wasted propping up socialist governments in Europe that refuse to cut spending. Now is the time for Congress to act.”

Attachments:

“Rescinding $108 billion from IMF necessary, tough love,” ALG President Bill Wilson, March 12, 2012 athttp://netrightdaily.com/2012/03/rescinding-108-billion-from-imf-necessary-tough-love/.

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

Announcing SaveTheBarredOwl.Com

March 6, 2012, Fairfax, VA — Americans for Limited Government (ALG) today announced the launching of SaveTheBarredOwl.com, a website devoted to exposing the harm done by federal government regulations designed to “help” the environment.

The website is inspired by the case of the Barred Owl, which has been given the federal government death penalty due to its rudely sharing the habitat with the “sacred” Spotted Owl.

“The federal government has wiped out almost the entire timber industry in the northwestern United States in an effort to save the spotted owl only to discover that the endangered owl thrives in land where timbering occurs. Now, years later, the federal government is back trying to wipe out the Barred Owl so it won’t compete for food with the favored Spotted Owl,” said ALG President Bill Wilson.

Young and old alike will remember the Barred Owl, which was used as the model in the federal government’s beloved “Give a Hoot, Don’t Pollute” campaign. In homage to this government advertising effort, Americans for Limited Government has named its Barred Owl campaign, “Give a Hoot, Don’t Shoot!”

Ironically, the U.S. Department of the Interior’s decision to kill Barred Owls is a response to their own failed policy that destroyed the habitat that the endangered Spotted Owl actually thrives in.

Wilson summarized the campaign saying, “The case of the Spotted Owl is just one more example of the federal government acting at the behest of environmental extremists and the wake of destruction that they leave in their paths. The Barred Owl campaign will put a spotlight on these lowlights and hold those government agencies responsible and accountable for the consequences of their actions.”

The website launched by Americans for Limited Government will provide a place for Americans to voice their concerns about the government’s actions with a specific petition calling on Congress to defund all actions pertaining to the planned annihilation of the Barred Owl species.

Attachments:

“Whoooo’s No. 1? Government says Northern spotted owl,” ALG contributing editor Rebekah Rast, March 1, 2012 athttp://netrightdaily.com/2012/03/whoooos-no-1-government-says-northern-spotted-owl/ .

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

ALG FOIAs materials on Microsoft hiring of FTC Google critic

March 5, 2012, Fairfax, VA—Americans for Limited Government filed a Freedom of Information Act request of the Federal Trade Commission (FTC) asking for records related to former deputy assistant director of the Bureau of Competition Randall Long’s communications with Microsoft Corporation.

It was announced last week, that Microsoft has hired Long to be its director of regulatory affairs in Washington, D.C.

Bill Wilson, President of Americans for Limited Government filed the FOIA because, “Microsoft’s hiring of Long is suspicious, given Long’s long history of advocating within the FTC in favor of Microsoft’s interests. It is important to the integrity of the regulatory process that it be clearly established that there is not even a hint of a quid pro quo relationship.”

The FOIA specifically asks for:

  1. All records of communications and the communications themselves between Randall Long and any official or personnel of the Microsoft Corporation, and;
  2. All records of meetings between Mr. Long and any official or personnel of the Microsoft Corporation.

“Any time you see a regulator become known as a leading internal critic of a rival corporation who gets a revolving door hire to a competitor who benefited from his advocacy it is troubling, and this FOIA seeks to get to the bottom of whether there was any improper conduct between Microsoft and Mr. Long,” Wilson added.

The time period covered under the request is on or after Jan. 1, 2009.

Click here for a copy of the FOIA request at www.getliberty.org/files/03-05-12-FTC-FOIA.pdf .

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.


ALG calls on Rep. Bachus to drop stall tactics and stop U.S. bailout of Europe

Mar. 1, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today urged House Financial Services Chairman Rep. Spencer Bachus to allow a vote on legislation that would rescind a $100 billion U.S. credit line to the International Monetary Fund (IMF) that is being used to bail out bankrupt nations in Europe like Greece, Portugal, and Ireland:

“It is simply inexplicable that House Financial Services Committee Chairman Rep. Spencer Bachus has not brought up for a vote legislation that will stop the U.S. bailout of Europe. Where is the urgency? The IMF, which the U.S. funds, has already committed over $100 billion to bailing out Greece, Portugal, and Ireland. Now with more money promised to Greece, that means the U.S. stake in propping up Europe will only grow.

“The U.S. needs to rescind its own $100 billion line of credit to the IMF, only $7 billion of which has been used, before it is too late and any more of it is wasted refinancing the debts of profligate countries that refuse to cut spending. We should not be subsidizing socialism.

“Representative Cathy McMorris Rodgers and Senator Jim DeMint have taken the lead on this critical issue, gathering over 110 congressional cosponsors to stop this bailout. Now it is time for these pieces of legislation to get finally their proper airing on the floors of both houses of Congress.

“That will not happen on the House side unless Rep. Bachus decides to take a leadership role in bringing this bill to a vote. As chairman of the committee, he has the power to move this bill and save taxpayers $100 billion — or not.

“With a national debt now larger than our entire economy, it is time members answered the question: should taxpayers be bailing out Europe? A failure to bring these bills to the floor is a tacit acceptance of bailouts, which Republicans promised to bring an end to in 2010.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.


Pelosi blames speculators for rising gas prices, ALG responds

Feb. 23, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement responding to House Minority Leader Nancy Pelosi’s assessment of rising oil and gas prices, who said, “We need to take strong action to protect consumers from this speculation”:

“Congressional Democrats are once again resorting to the tired line of price manipulation by so-called speculators and oil companies to explain why Americans are paying more at the pump. Meanwhile, the Obama Administration is accounting for rising prices by market forces, saying alternatively that it’s because the economy is recovering and includes increased demand overseas, particularly China.

“They need to get their stories straight, because they are entirely inconsistent. Are prices being manipulated, or are they rising as supply fails to keep up with increased demand as the economy recovers?

“Meanwhile, both of these contrary explanations miss the underlying weakness of the dollar that is the real cause for price pressures in commodities, including food, oil, gasoline, and is observable in precious metals like gold. While demand did rise globally from 88.3 million barrels a day in 2010 to 89 million in 2011 according the Energy Information Agency, so too has global production increased to 90 million a day in Dec. 2011. So, market forces alone do not explain the price swing.

“Of course, this happens every time the nation experiences price shocks: government officials thrash about looking for anyone to blame but themselves for a problem they helped to create with their big spending, money printing ways.”

Attachments:

“Obama says high oil prices evidence of improving economy, ALG responds,” Feb. 21, 2012 at http://getliberty.org/content.asp?pl=10&sl=5&contentid=841.

“Weak petrodollar threatens economy,” ALG President Bill Wilson, Feb. 22, 2012 at http://netrightdaily.com/2012/02/weak-petrodollar-threatens-economy/.

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

ALG blasts House passage of payroll tax holiday, unemployment extensions

Feb. 17, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement condemning House adoption of a deal to extend the payroll tax holiday, unemployment benefits, and the “doc fix” for another year without paying for it:

“This legislation the House has passed will add $165 billion to the debt over the next three years. This is simply inexcusable. They are promising partial pay-for’s down the road, such that the ten year cost will supposedly be brought down to $89 billion. That’s still too much. Republicans took a majority in the House promising to reduce the debt. This bill speeds up the bankruptcy of Social Security, adds significantly to the debt, and betrays the voters who demanded fiscal responsibility in 2010.

The economy is beleaguered by excessive debt, both public and private, and we will not work our way out of this malaise with yet more debt. This legislation is counterproductive and denies the growing body of evidence that too much debt has become severely detrimental to economic growth. The spenders in Washington, D.C. are completely clueless to what ails our economy. We need new leadership.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

ALG: ‘No deal is better than a bad deal’ on payroll tax holiday, unemployment benefits extensions

Feb. 16, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement responding to a deal to extend the payroll tax holiday, unemployment benefits, and the “doc fix” for another year without paying for it:

“This is a severe disappointment. This is a deal that will hasten the bankruptcy of Social Security, add over $100 billion to the debt, and dispirit the base of voters who swept Republicans into a majority in the House in 2010. When critics claim there is little difference between the two parties, this is what they’re talking about. This is a win for none other than the political class in Washington, D.C. The American people once again lack representation. Who’s looking out for the interests of the taxpayer?

“Now it is up to individual members of the House and Senate to oppose and hopefully defeat this bill despite the position of party leadership. No deal is better than a bad deal.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

Obama proposes borrowing another $1.3 trillion, no real cuts to speak of in budget

Feb. 13, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today responded to the release of the White House’s proposed 2013 budget:

“Once again, the Obama Administration is proposing to borrow another $1.3 trillion to pay for unsustainable increases in government spending, which under the budget will not be cut on a net basis any year over the next decade. There are no real reforms proposed to prevent entitlement programs from dragging the Treasury into the Abyss of insolvency. Meanwhile, he is proposing to increase taxes by $1.5 trillion over the next 10 years on job creators that will only further slow down the economy.

“Obama wants to pretend that there are $2.50 in ‘cuts’ for every $1 in increased taxes, but since spending increases every year under his proposal, such math is impossible. It is just another imaginary number from the government; pure propaganda designed to prevent the American people from seeing the true dire straits our fiscal house is in.

“This quarter, the national debt will grow to be larger than the entire economy, probably never to return to below 100 percent of the GDP. The reason is because while the economy only grows at a tepid pace of less than 2 percent, the debt continues to expand by about 10 percent every year. No country has ever sustained such borrowing. Remaining the world’s preeminent economic superpower is unfeasible under such policies. Obama is pursuing a purposeful policy of national decline.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.