Congressional elections are on November 2nd. Please vote out the incumbents, Frank Pallone and Rush Holt. They have wrecked the U.S. economy with irresponsible and reckless spending. They over-regulate, over-tax and over-burden small business and then expect small business to create jobs. They have presided over massive job losses and the demise of the American middle class.
They have saddled us, our children and grandchildren with massive Federal Debt. This debt can only be serviced through higher and higher taxes. Thanks to reckless spending, and failed bailouts and stimulus, we now have $13.4 trillion in Federal Debt and over $60 trillion in unfunded liabilities in entitlement programs. This will translate into higher and higher taxes for you, your children and grandchildren.
Frank Pallone and Rush Holt have brought us a centralized welfare state, where Washington gets entangled in our lives and small business.
They, along with President Bush, permitted the banks, FNMA and Freddie Mac to operate without controls and without common sense. They, along with President Bush, voted to then bail out the banks, FNMA and Freddie Mac to save them from their own recklessness. They bailed them out with our hard earned tax dollars. They bailed them out and handed us the bill.
Frank Pallone and Rush Holt have brought us fiscal stimulus programs that did nothing to stimulate the economy. Fiscal stimulus has driven us more deeply into debt.
Over the last twenty years, Frank Pallone and Rush Holt adopted policies that chased manufacturing out of the US. This has led to a very weak economy. .
Frank Pallone and Rush Holt brought us Obamacare, which will result in large increases in premiums to companies and individuals. Obamacare will act as a substantial drag on job creation because business is reticent to hire when it faces big increases in healthcare costs. In fact, Obamacare will accelerate layoffs well into the future, providing new uncertainties for small business.
Frank Pallone and Rush Holt voted for Obamacare and stand behind this fiasco. They refuse to repeal it.
Frank Pallone and Rush Holt refused to extend the Bush tax cuts. Instead of closing deficits through spending cuts, they will raise taxes, increase spending and increase debt. This will put the American dream out of reach for our children and grandchildren.
Mr. Pallone and Mr. Holt promised us a recovery this summer. We did not get one. Instead, we got rising unemployment. 14 million people are out of work. The combination of unemployed, underemployed and people who have stopped looking for work is over 30 million. Over 40 million Americans now need food stamps to get by.
Thanks to the policies of Frank Pallone and Rush Holt, the US economy and middle class are sinking rapidly.
On November 2nd, vote for change. On November 2nd vote to create private sector jobs. On November 2nd, vote to get government off the backs of small business. Vote to reduce the tax and cost burdens on small business so they can hire employees again. On November 2nd, vote to end deficit spending, unfunded liabilities and high taxes. Vote against bailouts and stimulus that does not work. On November 2nd vote for limited government and freedom from pervasive government control and intrusion. On November 2nd, vote to repeal Obamacare.
Most importantly, on November 2nd, vote to restore a strong middle class and the American dream for your children and grandchildren. .
On November 2nd, vote for Anna Little and Scott Sipprelle for Congress.
Michael E. Goldberg
Red Bank, NJ