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About Call your Senators at 202-224-3121

Ways to stimulate the economy...
Cut Corporate Tax Rates.
Cut Capital Gains Tax Rates.
Tax Credits for Electric Car Manufacturers to reduce our dependency on foreign oil.
Tax Credits for Employers that keep American Manufacturing jobs in America.

We need to keep up the pressure to build Nuclear Power for our businesses and electrical power grid.
Solar and Wind are unpredictable and not 100% reliable. We need to continue the pressure ondrilling for oil and building electric vehicles to reduce our need for foreign oil.

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brillig.com/debt_clock/

Created by

Greenberg31

Latest Activity

May 26, 2008

Date Joined

May 26, 2008

About this user

Call your Senators and Representative at 202-224-3121 Vote no on HR 2454 Cap and Trade Tax

Even with the recent news that Harry Reid has delayed the Senate's vote on H.R. 2454, the Cap and Trade Energy Tax, we need to keep the pressure on.

When the bill was working its way through the House, the calls were "as much as 19-1" in opposition of the legislation. We can do at least that well again in the Senate.

What is the "Cap and Trade" National Energy Tax?

The national energy tax is an effort by Washington, DC to change the way Americans use energy by imposing a "cap" or a limit on carbon emissions. But instead of relying on incentives, innovation and new technology, it would create a new tax system, like the income tax, on the energy use of every business, and by default every individual, in America.

When a similar system was implemented in the European Union, it didn't actually reduce carbon emissions, but allowed major corporations to make big money by fixing the rules in their favor, while passing on the costs to consumers and small businesses as indirect taxes.

How Will the National Energy Tax Affect You? It would...

1. Raise an average family's energy bill by $1,500 annually.
2. Raise gasoline prices by 74 percent.*
3. Destroy between 1,105,000 and 2,479,000 American jobs on average, per year.
4. Raise electricity rates by 90 percent.*
5. Be equal to a tax of $846 billion from 2010 to 2019.
6. Reduce GDP by 2.5% by 2050.
7. Increase the federal debt by 26 percent, or $29,150 per person.*

*Adjusted for inflation
Sources: 1-4, 7; Heritage Foundation. 6; Brookings Institute. 5; Congressional Budget Office.

What You Can Do

• Sign the Petition to Stop the Energy Tax at www.americansolutions.com/energytax.
• Call your Senators and Representative at 202-224-3121

A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned - this is the sum of good government. -- Thomas Jefferson

Country

United States

Interests

National Debt Hits Record $11 Trillion -
Source CBS News -

The Federal Governments flood of red ink hit another high-water mark as the Treasury Department quietly reported today that the National Debt hit $11-trillion for the first time ever.

To be exact, the Debt now stands at $11,033,157,578,669.78. Divide it by the U.S. population and it comes up to over $36,000 in debt for every man, woman and child among us.

To be exact, the Debt now stands at $11,033,157,578,669.78. Divide it by the U.S. population and it comes up to over $36,000 in debt for every man, woman and child among us.

And the government is running up mountains of debt with increasing speed. It took just over 5 ½ months for Uncle Sam to go another trillion dollars deeper in debt since hitting $10-trillion last September 30th. Its the fastest jump in U.S. history.

The hundreds of billions of dollars being spent as part of the federal bailout of the financial markets is a leading factor in the rapid increase. Over $400-billion in debt has been accrued in the 57 days since President Obama took office.

And the federal budget he unveiled last month projects even faster increases in the National Debt. Itll hit $12.7-trillion by the end of the fiscal year on September 30th. The Administrations four year estimate shows that by the end of September 2012, the Debt will have soared to $16.2-trillion which amounts to nearly 100% of the projected Gross Domestic Product that year.

The U.S. is running up so much debt so quickly, some investors are worried. Over the weekend, Chinese Premier - Wen Jiabao, who says his country has about a trillion dollars invested in U.S. Treasury notes, said he wanted a guarantee.

President Obama said - Wens got nothing to worry about. -

Not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States, he said on Saturday.

Thats because the U.S. governments --power to tax stands behind all of its debt. --
It took the U.S. government 191 years from 1791 until 1982 to run up its first trillion dollars in debt. The second and third trillions got on the scoreboard much more quickly each in just four years.

Posted by -- Mark Knoller

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