Now repeat after me, says Paul Ryan, “Bailing out Puerto Rico is NOT a bailout.” We say, stop fiscal irresponsibility now.
Hello, this is Charles Benninghoff on this beautiful 3rd day of May, 2016 and today I’ll be talking about the proposed bailout of Puerto Rico otherwise known as House Bill 4900.
I’ll let you know why every American should be very concerned about this bailout and I’ll let you know how you can help.
The problem in Puerto Rico is that the island, which is a US territory, has a government that is run by Big Government socialists like most of our “blue states” here in the continental US.
Government corruption, graft, payouts, bribes and bonuses for government employees and public sector labor unions have allowed Puerto Rico to run up debts that Puerto Rico’s income can no longer cover.
In response, the Puerto Rican government did basically the same thing that the socialists in Detroit did.
The government paid bonuses to all government employees and now claims it’s out of money and can’t pay its debts, and American taxpayers are expected the foot the bill.
Puerto Rico is America’s prime drug-addicted junkie nephew.
You love him, but the knucklehead keeps getting thrown in jail and so long as you keep bailing him out, he’ll never learn his lesson.
In our opinion, Puerto Rico needs to take some lumps, as the expression goes, and learn a hard lesson.
But more importantly axpayer money used to bail out its profligate spending will go to big banks that made bad business decisions in loaning money to this financial cripple.
House Speaker Paul Ryan is once again trying to ride to the rescue of Big Government by claiming that the Puerto Rico bailout... is not a bailout. Here is what he had to say about HR 4900…
That “leadership team” that Paul Ryan referred to is the dead giveaway that this is in fact a bailout of the big banks that made loans to Puerto Rico!
Rep. Tom McClintock (R-CA) agrees that HR 4900 is a bailout and he warns that a bailout will impact the overall American bond market and THAT is why you should be concerned about this.
McClintock says, “This could cause interest rates paid by states like California and Illinois to rise dramatically.”
If that happens, liberal Democrat states could start declaring bankruptcy like dominoes, one after the other.
Deuteronomy 15:6 says that when a nation is loyal to God, “He will bless you just as He promised you; you shall lend to many nations, but you shall not borrow.”
Proverbs 22:7 also comes to mind - “The borrower is a servant to the lender.”
Big Government socialists think they can just throw money away and that the American taxpayers in the real economy will just keep bailing them out… so they run up debts that are impossible to manage.
Did the TARP bailouts under George W. Bush make your life better? How about Obama’s stimulus package and all of those “shovel-ready jobs”... did that make your life better?
There were in fact literally no shovel-ready jobs except for government workers. Indeed, virtually all of that state bailout money went to keep state and local government solvent so government employees could be paid in full.
The American taxpayers paid for those bailouts and the banks and public sector labor unions profited, while the people suffered.
The Puerto Rico bailout in HR 4900 will be no different!
Here is how you can help.
First we need you to think back to the outrage you felt during the Bush TARP bailouts.
This was what actually sparked the Tea Party movement in America, when everyone realized that the federal government was more concerned with protecting government employees, Big Banks and Wall Street than with practicing any sort of fiscal sanity.
When you remember how that made you feel… then turn your attention to this Puerto Rico bailout!
If you’re already on our Action Page, just use the form to the right of this video screen to select a program to send personalized messages to Congress right now. Click the “Edit Text” button on the message if you want to change the wording.
If you are watching this message on Facebook, YouTube or some other channel, click the link appearing on your video screen right now to be taken to our Action Page.
Tell Congress that the TARP bailouts did not work, the stimulus package bailouts did not work, the auto industry bailout did not work - except for Mexico and China, where many of our cars are now being made - and therefore the Puerto Rico bailout will not work.
The Members of Congress need to know that you are sick and tired of them throwing our money away and it needs to stop.
Click the link now and take action!
This is Charles Benninghoff signing off and wishing you freedom, fulfillment and God’s many blessings!