Where Do We Go From Here?

Posted: Sep 30, 2008 4:36 PM
Yesterday, Congress voted on what is arguably the single most important issue facing our country today.  A $700 billion, taxpayer-funded Wall Street bailout package was presented for a vote with absolutely no opportunity for debate or consideration of alternatives.  Every Member of Congress who spoke on the floor, every Administration official involved in the negotiations on the package, and every commentator has said that this is a bad package.  Many of them, however, have said that Congress had no alternative but to pass it.

I disagree, and so did a solid bipartisan majority of the House of Representatives who voted against this package.  Congress must sit back down and demand that the Bush Administration take into consideration some of the very valid alternatives being discussed.  There is no reason that Congress needs to rush into passing a bad bill that would saddle generations with debt.  The American people deserve a more thoughtful response.

Check out an alternative proposal to which I'm a co-sponsor of here.

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