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Dear michael atkins,
As people of faith, we believe that our national budget is a
moral document -- how we spend our money indicates our national
priorities. Congress is about to add $700 billion to our
national debt to "rescue" the economy from collapse without
independent oversight of how the money is spent and with a blank
check of power to the Treasury Secretary.
Ask Congress: What are you prioritizing, the needs of private
companies or the common good of all Americans?
http://go.sojo.net/campaign/WallStreet_Bailout/5uudw59z7idj65m?source=act_0809_bailout
The proposed bailout of Wall Street banks gives $700 billion
and unprecedented power to one man, Henry Paulson, Secretary of
the Treasury. If such large sums of taxpayer money are being
risked, our elected representatives must have meaningful
oversight and taxpayers should benefit more than companies.
The U. S. economic system is in grave danger, and Congress
should address the situation quickly. However, any bailout bill
must:
- Reject any blank check authority to Secretary Paulson
- Include real accountability, oversight, and transparency for
any money authorized.
Assuming Congress can draft a comprehensive bill that includes
meaningful changes in the regulatory system, then the bill must
also include:
- A commitment that any funds spent by the treasury to bail out
investors must be matched by at least a 10 percent tithe to
support millions of Americans who have lost their homes and
those still at risk of foreclosure.
Contact Congress today and tell them: No $700 billion without
oversight AND investment:
http://go.sojo.net/campaign/WallStreet_Bailout/5uudw59z7idj65m?source=act_0809_bailout
Congress is working to pass a bill this week, spending a little
less than 7 days to draft the largest government bailout package
in history. With anxiety in Congress and pressure from the White
House, taxpayers may be held responsible for gambling on Wall
Street, without any guarantees that it won't happen again.
Tell Congress: Draft a sensible bill for long-term reform that
includes support for Americans most at risk of foreclosure:
http://go.sojo.net/campaign/WallStreet_Bailout/5uudw59z7idj65m?source=act_0809_bailout
It is not yet clear what the best long-term solutions might be
to this crisis, so Congress must weigh its options carefully,
not approving a poorly negotiated bill of such large
proportions. Wisdom from the book of Proverbs is a good reminder
to heed:
"Plans fail for lack of counsel, but with many advisers they
succeed."
Proverbs 15:22, NIV
Our government has committed grave errors in recent years
because it acted out of fear. It should not make the same
mistake again. As Christians, we should pray for wisdom for our
leaders during this important time and let them know we expect
them to show moral leadership and spend our money in a prudent
and accountable manner.
http://go.sojo.net/campaign/WallStreet_Bailout/5uudw59z7idj65m?source=act_0809_bailout
In solidarity,
Elizabeth, Adam, Nate, and the rest of policy team at Sojourners
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