Earlier today I sent the following email to my two senators - Barbara Mikulsi and Benjamin Cardin, as well as my congressman Dutch Ruppersberger. If and when I get a response I will share those as well.
Please feel free to use any or all of this email and send it to your representatives. (Just go to US Senate.gov to get the email address of your senators, and US Congress.gov for the email address of your representative.)
Hopefully, if enough of us raise the questions, some answers will be given.
Here is the email.
Dear Senator,
The current figures available on all of the bailouts is $200 billion for Fannie Mae & Freddie Mac, $85 billion for AIG, and $700 billion for "toxic" mortgages. That's just short of a trillion dollars.
How much is the current deficit? How much deeper in debt does this country need to go?
I know we are borrowing the money from foreign governments. Who are the principal lenders, what is the interest rate, and what is the payback schedule? What are the terms if we default on our loan?
Several years ago Senator Mikulski sent me several books to explain how the Federal government could have a surplus and deficit at the same time. The math was confusing then, now it is even worse.
What is the plan for paying back our creditors? What kind of tax burden is this going to put on the American people? Let's be honest, Senator, someone is going to have to pay, and it never seems to be Congress, but rather the American people.
I read where Congresswoman Pelosi is considering putting together another stimulus package. Forget it!! You do not need to borrow anymore money.
Iraq supposedly has a $78 billion surplus. Make them pay for the war (after all we aren‘t getting any help at the gas pump and I thought that was the real reason we invaded), and we can at least stop those ridiculous monthly payments we are currently sending over there.
Nobody wants to be responsible, no one wants to hold anyone accountable and punish them, its "oh well, we'll try better next time."
Forget about the popularity contest, make some tough decisions and get this deficit off our backs.
Michael Wolfe
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